Star Equity (NASDAQ:STRR) Stock Rating Lowered by Zacks Research

Star Equity (NASDAQ:STRR) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday, Zacks reports.

Separately, Weiss Ratings upgraded Star Equity from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Star Equity currently has an average rating of “Hold” and a consensus target price of $28.00.

Star Equity Stock Up 0.2%

Star Equity stock opened at $9.94 on Monday. Star Equity has a twelve month low of $8.95 and a twelve month high of $11.91. The firm has a 50 day moving average price of $10.09 and a 200-day moving average price of $10.43. The company has a market capitalization of $36.68 million, a P/E ratio of -3.25 and a beta of 0.50. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.09.

Star Equity (NASDAQ:STRR) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The company had revenue of $54.94 million for the quarter, compared to analysts’ expectations of $56.92 million. Star Equity had a negative return on equity of 4.21% and a negative net margin of 4.35%. As a group, equities analysts predict that Star Equity will post -1.08 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Star Equity stock. North Star Investment Management Corp. acquired a new position in Star Equity Holdings, Inc. (NASDAQ:STRR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 55,000 shares of the company’s stock, valued at approximately $565,000. North Star Investment Management Corp. owned about 1.48% of Star Equity as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 3.84% of the company’s stock.

About Star Equity

Star Equity Holdings, Inc is a diversified holding company that operates primarily through its Building Solutions and Healthcare businesses. The company was formerly known as Digirad Corporation and adopted the Star Equity name as it expanded beyond its historical healthcare operations.

Through its Building Solutions segment, Star Equity provides engineered building products and construction services, including modular and prefabricated structures, structural wall panels, and related components for residential, commercial, and other construction applications.