Sterling Construction Co. (NASDAQ:STRL) saw unusually-high trading volume on Friday . Approximately 86,501 shares were traded during trading, an increase of 23% from the previous session’s volume of 70,457 shares.The stock last traded at $5.70 and had previously closed at $5.63.

STRL has been the topic of several recent analyst reports. DA Davidson upgraded shares of Sterling Construction from a “neutral” rating to a “buy” rating in a report on Monday, May 9th. BWS Financial lowered shares of Sterling Construction from a “buy” rating to a “hold” rating and set a $6.00 price objective on the stock. in a report on Tuesday, May 3rd. Maxim Group dropped their target price on shares of Sterling Construction from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, May 25th. Finally, Zacks Investment Research downgraded shares of Sterling Construction from a “hold” rating to a “strong sell” rating in a research report on Monday, May 16th.

The stock has a 50 day moving average price of $5.14 and a 200-day moving average price of $5.04. The firm’s market capitalization is $112.68 million.

Sterling Construction (NASDAQ:STRL) last issued its quarterly earnings results on Monday, May 2nd. The company reported ($0.37) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.34. During the same quarter in the prior year, the company earned ($0.90) earnings per share. The company earned $126.60 million during the quarter, compared to analysts’ expectations of $142.54 million. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, analysts expect that Sterling Construction Co. will post $0.17 earnings per share for the current year.

In related news, CEO Paul J. Varello purchased 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 4th. The shares were purchased at an average price of $4.00 per share, with a total value of $500,000.00. Following the purchase, the chief executive officer now owns 737,203 shares of the company’s stock, valued at approximately $2,948,812. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

An institutional investor recently bought a new position in Sterling Construction stock. EAM Investors LLC purchased a new position in Sterling Construction Co. (NASDAQ:STRL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 310,911 shares of the company’s stock, valued at approximately $1,890,000. EAM Investors LLC owned approximately 1.59% of Sterling Construction at the end of the most recent reporting period.

Sterling Construction Company, Inc is a heavy civil construction company engaged in the building and reconstruction of transportation and water infrastructure projects in Texas, Utah, Nevada, Arizona, California, Hawaii and other states. The Company’s transportation infrastructure projects include highways, roads, bridges, airfields, ports and light rail.

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