Digirad Corp. (DRAD) Stock Price Up 4%
Digirad Corp. (NASDAQ:DRAD) rose 4% on Tuesday . The company traded as high as $5.26 and last traded at $5.23, with a volume of 62,816 shares traded. The stock had previously closed at $5.03.
DRAD has been the topic of a number of analyst reports. B. Riley restated a “buy” rating and issued a $7.00 target price on shares of Digirad Corp. in a report on Tuesday, April 26th. Zacks Investment Research upgraded shares of Digirad Corp. from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a report on Tuesday, May 3rd. 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 stock has a 50 day moving average price of $5.43 and a 200 day moving average price of $5.22. The stock has a market capitalization of $103.32 million and a price-to-earnings ratio of 3.24.
Digirad Corp. (NASDAQ:DRAD) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. On average, 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. Shareholders of record on Wednesday, August 17th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Monday, August 15th.
In related news, Director Jeffrey E. Eberwein bought 6,700 shares of the business’s stock in a transaction dated Friday, May 27th. The shares were purchased at an average price of $5.00 per share, with a total value of $33,500.00. Following the purchase, the director now owns 100,000 shares of the company’s stock, valued at approximately $500,000. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jeffrey E. Eberwein bought 28,482 shares of the business’s stock in a transaction dated Friday, August 19th. The shares were bought at an average cost of $5.00 per share, for a total transaction of $142,410.00. Following the purchase, the director now directly owns 12,500 shares in the company, valued at approximately $62,500. 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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