Digirad Corp. (DRAD) Sees Strong Trading Volume
Digirad Corp. (NASDAQ:DRAD) shares saw strong trading volume on Thursday . 91,440 shares were traded during 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.
Several research analysts recently commented on the company. B. Riley reissued a “buy” rating and set a $7.00 target price on shares of Digirad Corp. in a research note on Tuesday. Zacks Investment Research cut Digirad Corp. from a “buy” rating to a “hold” rating in a research report on Monday, July 4th. Finally, Sidoti assumed coverage on Digirad Corp. in a research report on Wednesday, May 25th. They set a “buy” rating and a $8.00 price objective for the company.
The stock has a 50-day moving average of $5.46 and a 200-day moving average of $5.21. The firm has a market capitalization of $114.43 million and a price-to-earnings ratio of 3.59.
Digirad Corp. (NASDAQ:DRAD) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. Equities analysts predict that Digirad Corp. will post $0.32 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 29th. Shareholders of record on Wednesday, August 17th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Monday, August 15th.
In other news, Director Jeffrey E. Eberwein bought 6,700 shares of the business’s stock in a transaction that occurred on Friday, May 27th. The shares were acquired at an average cost of $5.00 per share, with a total value of $33,500.00. Following the transaction, the director now owns 100,000 shares of the company’s stock, valued at approximately $500,000. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Matthew G. Molchan sold 5,833 shares of the stock in a transaction on Friday, May 27th. The stock was sold at an average price of $5.01, for a total value of $29,223.33. Following the completion of the transaction, the chief executive officer now directly owns 38,166 shares in the company, valued at $191,211.66. 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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