Star Equity (NASDAQ:STRR) Trading Down 0.8% – What’s Next?

Star Equity Holdings, Inc. (NASDAQ:STRR) shares dropped 0.8% during trading on Friday . The company traded as low as $9.90 and last traded at $10.27. Approximately 4,258 shares were traded during mid-day trading, a decline of 11% from the average daily volume of 4,811 shares. The stock had previously closed at $10.35.

Analyst Ratings Changes

Several brokerages have issued reports on STRR. Litchfield Hills Research assumed coverage on shares of Star Equity in a research report on Tuesday, December 16th. They set a “buy” rating and a $21.00 price objective for the company. Zacks Research cut Star Equity from a “hold” rating to a “strong sell” rating in a report on Thursday, November 20th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Star Equity in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $13.00.

Star Equity Trading Down 0.8%

The company has a debt-to-equity ratio of 0.10, a current ratio of 2.07 and a quick ratio of 1.83. The company has a market capitalization of $35.33 million, a price-to-earnings ratio of -6.50 and a beta of 0.47. The business’s 50-day moving average price is $10.64 and its two-hundred day moving average price is $8.50.

Star Equity (NASDAQ:STRR) last issued its quarterly earnings results on Thursday, November 13th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.30). The company had revenue of $47.96 million for the quarter, compared to analyst estimates of $45.68 million. Star Equity had a negative return on equity of 2.33% and a negative net margin of 3.22%. Research analysts predict that Star Equity Holdings, Inc. will post -1.2 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Jeffrey E. Eberwein sold 16,000 shares of the company’s stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $9.35, for a total transaction of $149,600.00. Following the completion of the sale, the chief executive officer owned 794,217 shares of the company’s stock, valued at $7,425,928.95. This represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last three months, insiders bought 37,771 shares of company stock valued at $405,160 and sold 23,000 shares valued at $213,783. 33.51% of the stock is currently owned by company insiders.

Star Equity Company Profile

Hudson Global, Inc is a publicly traded talent acquisition and recruitment firm that provides a range of staffing and workforce solutions to organizations around the world. Operating primarily through two service lines—recruitment process outsourcing (RPO) and retained executive search—the company connects employers with qualified professionals across a variety of disciplines, including finance, accounting, technology, human resources and legal. Its flexible engagement models encompass project-based sourcing, volume hiring and high-level leadership searches, enabling clients to tailor recruitment strategies to their specific business objectives.

With a global footprint spanning North America, Europe, Asia-Pacific and Latin America, Hudson Global supports multinational corporations as well as regional and niche market clients.