Digirad Corp. (DRAD) Sees Unusually-High Trading Volume
Shares of Digirad Corp. (NASDAQ:DRAD) saw unusually-high trading volume on Thursday . Approximately 91,440 shares changed hands during mid-day trading, an increase of 80% from the previous session’s volume of 50,870 shares.The stock last traded at $5.94 and had previously closed at $6.01.
DRAD has been the topic of a number of recent 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 upgraded 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 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’s 50-day moving average is $5.45 and its 200 day moving average is $5.21. The company has a market capitalization of $111.00 million and a PE ratio of 3.48.
Digirad Corp. (NASDAQ:DRAD) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. On average, equities research analysts anticipate that Digirad Corp. will post $0.32 earnings per share for the current fiscal year.
In other Digirad Corp. news, insider Virgil Lott sold 23,333 shares of the business’s stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $5.25, for a total transaction of $122,498.25. Following the sale, the insider now directly owns 78,242 shares in the company, valued at $410,770.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey E. Eberwein purchased 6,700 shares of the business’s stock in a transaction on Friday, May 27th. The shares were acquired at an average price of $5.00 per share, for a total transaction of $33,500.00. Following the completion of the purchase, the director now directly owns 100,000 shares of the company’s stock, valued at $500,000. 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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