Digirad Corp. (DRAD) Sees Unusually-High Trading Volume
Shares of Digirad Corp. (NASDAQ:DRAD) saw unusually-strong trading volume on Thursday . Approximately 110,998 shares changed hands during mid-day trading, an increase of 64% from the previous session’s volume of 67,718 shares.The stock last traded at $5.00 and had previously closed at $5.11.
A number of analysts have recently commented on DRAD shares. Zacks Investment Research lowered Digirad Corp. from a “hold” rating to a “sell” rating in a report on Monday, August 1st. Sidoti started coverage on Digirad Corp. in a report on Wednesday, May 25th. They issued a “buy” rating and a $8.00 price target on the stock. Finally, B. Riley restated a “buy” rating and issued a $7.00 price target on shares of Digirad Corp. in a report on Sunday, May 1st.
The company has a market cap of $97.45 million and a price-to-earnings ratio of 3.05. The stock’s 50 day moving average price is $5.47 and its 200-day moving average price is $5.22.
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, meeting the Zacks’ consensus estimate of $0.09. On average, analysts expect that Digirad Corp. will post $0.31 EPS for the current 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 issued a $0.05 dividend. The ex-dividend date is Monday, August 15th. This represents a $0.20 dividend on an annualized basis and a yield of 4.02%.
In related news, Director Jeffrey E. Eberwein acquired 25,943 shares of the firm’s stock in a transaction that occurred on Monday, June 6th. The stock was acquired at an average cost of $5.01 per share, for a total transaction of $129,974.43. Following the completion of the acquisition, the director now directly owns 100,000 shares of the company’s stock, valued at approximately $501,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Virgil Lott sold 23,333 shares of the stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $5.25, for a total value of $122,498.25. Following the completion of the sale, the insider now owns 78,242 shares of the company’s stock, valued at $410,770.50. The disclosure for this sale 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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