Sterling Construction Co. (STRL) Shares Up 3.5%
Shares of 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 brokerages recently commented on STRL. Zacks Investment Research lowered Sterling Construction from a “hold” rating to a “sell” rating in a research note on Thursday, August 4th. DA Davidson raised Sterling Construction from a “neutral” rating to a “buy” rating in a research note on Monday, May 9th. Finally, Maxim Group decreased their price target on Sterling Construction from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday, May 25th.
The stock’s 50-day moving average is $6.14 and its 200 day moving average is $5.29. The firm’s market capitalization is $168.51 million.
Sterling Construction (NASDAQ:STRL) last released its quarterly earnings data on Monday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by $0.01. The business earned $189.60 million during the quarter, compared to analysts’ expectations of $189.83 million. During the same quarter last year, the company earned ($0.13) EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. Analysts expect that Sterling Construction Co. will post $0.11 earnings per share for the current 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.