Digirad Corporation (DRAD) Hits New 12-Month Low at $3.65
Digirad Corporation (NASDAQ:DRAD)’s share price reached a new 52-week low on Monday . The stock traded as low as $3.65 and last traded at $3.65, with a volume of 23,834 shares changing hands. The stock had previously closed at $3.75.
Several research firms recently weighed in on DRAD. TheStreet downgraded Digirad Corporation from a “b” rating to a “c+” rating in a research report on Friday, April 28th. B. Riley reiterated a “buy” rating and set a $6.40 target price on shares of Digirad Corporation in a research report on Saturday, August 5th. Finally, Zacks Investment Research downgraded Digirad Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd.
The firm’s 50-day moving average is $4.01 and its 200-day moving average is $4.54. The company’s market cap is $72.92 million.
Digirad Corporation (NASDAQ:DRAD) last posted its quarterly earnings results on Friday, August 4th. The medical equipment provider reported $0.08 EPS for the quarter, beating the consensus estimate of $0.03 by $0.05. Digirad Corporation had a negative net margin of 2.60% and a positive return on equity of 8.58%. The company had revenue of $29.79 million for the quarter, compared to analyst estimates of $30.87 million. Analysts anticipate that Digirad Corporation will post $0.17 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Friday, August 18th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 6.03%. This is a positive change from Digirad Corporation’s previous quarterly dividend of $0.05. The ex-dividend date is Wednesday, August 16th. Digirad Corporation’s dividend payout ratio is presently -146.66%.
Large investors have recently bought and sold shares of the company. New York State Common Retirement Fund purchased a new stake in Digirad Corporation during the second quarter valued at about $574,000. Essex Investment Management Co. LLC purchased a new stake in Digirad Corporation during the first quarter valued at about $537,000. Kennedy Capital Management Inc. raised its stake in Digirad Corporation by 37.5% in the second quarter. Kennedy Capital Management Inc. now owns 227,935 shares of the medical equipment provider’s stock valued at $923,000 after buying an additional 62,120 shares during the last quarter. Granite Investment Partners LLC raised its stake in Digirad Corporation by 18.5% in the first quarter. Granite Investment Partners LLC now owns 316,986 shares of the medical equipment provider’s stock valued at $1,680,000 after buying an additional 49,466 shares during the last quarter. Finally, Connors Investor Services Inc. purchased a new stake in Digirad Corporation during the second quarter valued at about $185,000. 49.48% of the stock is currently owned by institutional investors and hedge funds.
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About Digirad Corporation
Digirad Corporation provides healthcare solutions. The Company’s segments include Diagnostic Services, Mobile Healthcare, Diagnostic Imaging and Medical Device Sales and Services. Through Diagnostic Services, the Company offers an imaging services program as an alternative to purchasing equipment or outsourcing the procedures to another physician or imaging center.