Digirad Corp. (DRAD) Stock Price Down 3.2%
Digirad Corp. (NASDAQ:DRAD)’s share price dropped 3.2% during mid-day trading on Monday . The stock traded as low as $5.10 and last traded at $5.12, with a volume of 60,927 shares. The stock had previously closed at $5.29.
DRAD has been the topic of several analyst reports. Sidoti initiated coverage on shares of Digirad Corp. in a report on Wednesday, May 25th. They issued a “buy” rating and a $8.00 price target on the stock. Zacks Investment Research raised shares of Digirad Corp. from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a report on Tuesday, May 3rd. Finally, B. Riley reaffirmed a “buy” rating and issued a $7.00 price target on shares of Digirad Corp. in a report on Sunday, May 1st.
The firm’s 50 day moving average price is $5.48 and its 200 day moving average price is $5.23. The company has a market cap of $100.39 million and a PE ratio of 3.15.
Digirad Corp. (NASDAQ:DRAD) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.09 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.09. On average, equities research analysts predict that Digirad Corp. will post $0.31 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 29th. Investors of record on Wednesday, August 17th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, August 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.90%.
In related news, insider Virgil Lott sold 23,333 shares of the stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $5.25, for a total transaction of $122,498.25. Following the completion of the transaction, the insider now owns 78,242 shares of the company’s stock, valued at approximately $410,770.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey E. Eberwein acquired 25,943 shares of the stock in a transaction that occurred on Monday, June 6th. The shares were bought at an average cost of $5.01 per share, with a total value of $129,974.43. Following the transaction, the director now directly owns 100,000 shares in the company, valued at approximately $501,000. The disclosure for this purchase can be found here.
Digirad Corporation is a provider of diagnostic solutions. The Company’s business is organized into two segments: Diagnostic Services and Diagnostic Imaging. The Company provides in-office nuclear cardiology and ultrasound imaging services. It also provides cardiac event monitoring services to physician practices, hospitals and imaging centers through its Diagnostic Services business segment.
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