Digirad Corp. (DRAD) Trading Up 4%
Shares of Digirad Corp. (NASDAQ:DRAD) were up 4% on Tuesday . The company traded as high as $5.26 and last traded at $5.23, with a volume of 62,816 shares changing hands. The stock had previously closed at $5.03.
A number of analysts have recently weighed in on DRAD shares. Sidoti started coverage on Digirad Corp. in a research report on Wednesday, May 25th. They set a “buy” rating and a $8.00 target price for the company. Zacks Investment Research upgraded Digirad Corp. from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research report on Tuesday, May 3rd. Finally, B. Riley restated a “buy” rating and set a $7.00 price objective on shares of Digirad Corp. in a research report on Sunday, May 1st.
The firm has a 50 day moving average of $5.43 and a 200 day moving average of $5.23. The firm has a market capitalization of $102.35 million and a price-to-earnings ratio of 3.21.
Digirad Corp. (NASDAQ:DRAD) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.09 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.09. Analysts predict that Digirad Corp. will post $0.31 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 29th. Shareholders of record on Wednesday, August 17th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Monday, August 15th.
In other news, Director Jeffrey E. Eberwein bought 28,482 shares of the firm’s stock in a transaction on Friday, August 19th. The stock was acquired at an average cost of $5.00 per share, with a total value of $142,410.00. Following the completion of the transaction, the director now directly owns 12,500 shares of the company’s stock, valued at approximately $62,500. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jeffrey E. Eberwein bought 18,394 shares of the firm’s stock in a transaction on Monday, August 15th. The stock was purchased at an average cost of $5.00 per share, with a total value of $91,970.00. Following the completion of the transaction, the director now directly owns 12,500 shares of the company’s stock, valued at $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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