Digirad Corp. (DRAD) Sees Strong Trading Volume
Digirad Corp. (NASDAQ:DRAD) shares saw an uptick in trading volume on Thursday . 110,998 shares were traded during 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.
DRAD has been the topic of a number of recent research reports. B. Riley reaffirmed a “buy” rating and issued a $7.00 target price on shares of Digirad Corp. in a report on Tuesday, July 26th. Zacks Investment Research cut shares of Digirad Corp. from a “hold” rating to a “sell” rating in a report on Monday, August 1st. Finally, Sidoti initiated coverage on shares of Digirad Corp. in a report on Wednesday, May 25th. They issued a “buy” rating and a $8.00 target price on the stock.
The firm has a market cap of $98.63 million and a price-to-earnings ratio of 3.09. The company’s 50-day moving average price is $5.46 and its 200 day moving average price is $5.22.
Digirad Corp. (NASDAQ:DRAD) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.09. Equities analysts predict that Digirad Corp. will post $0.31 earnings per share for the current fiscal year.
The company also recently declared 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. This represents a $0.20 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend is Monday, August 15th.
In related news, Director Jeffrey E. Eberwein bought 6,700 shares of the company’s stock in a transaction on Friday, May 27th. The shares were purchased at an average cost of $5.00 per share, with a total value of $33,500.00. Following the completion of the transaction, the director now directly owns 100,000 shares of the company’s stock, valued at $500,000. The acquisition was disclosed in a document filed 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 stock was 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 directly owns 78,242 shares in the company, 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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