Sterling Construction Co. (STRL) Shares Up 3.5%
Sterling Construction Co. (NASDAQ:STRL) shot up 3.5% during trading on Friday . The stock traded as high as $6.78 and last traded at $6.74, with a volume of 67,341 shares trading hands. The stock had previously closed at $6.51.
Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Sterling Construction from a “sell” rating to a “hold” rating in a research note on Wednesday. Maxim Group dropped their price objective on shares of Sterling Construction from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday, May 25th. Finally, DA Davidson upgraded shares of Sterling Construction from a “neutral” rating to a “buy” rating in a research note on Monday, May 9th.
The stock’s market capitalization is $168.51 million. The stock has a 50 day moving average price of $6.12 and a 200 day moving average price of $5.29.
Sterling Construction (NASDAQ:STRL) last issued its earnings results on Monday, August 1st. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.01. The company had revenue of $189.60 million for the quarter, compared to analyst estimates of $189.83 million. During the same quarter last year, the firm posted ($0.13) EPS. The company’s revenue was up 6.9% compared to the same quarter last year. On average, equities analysts expect that Sterling Construction Co. will post $0.11 earnings per share for the current fiscal year.
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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