Star Equity (NASDAQ:STRR) Downgraded by Zacks Research to “Strong Sell”

Star Equity (NASDAQ:STRR) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday, Zacks reports.

Separately, Weiss Ratings raised shares of Star Equity from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, September 28th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Star Equity presently has a consensus rating of “Hold” and an average target price of $28.00.

Star Equity Stock Up 0.2%

Shares of NASDAQ:STRR opened at $9.94 on Monday. Star Equity has a 12 month low of $8.95 and a 12 month high of $11.91. The company’s 50-day moving average price is $10.09 and its two-hundred day moving average price is $10.43. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.09. The firm has a market cap of $36.68 million, a P/E ratio of -3.25 and a beta of 0.50.

Star Equity (NASDAQ:STRR) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.08). Star Equity had a negative net margin of 4.35% and a negative return on equity of 4.21%. The company had revenue of $54.94 million during the quarter, compared to analyst estimates of $56.92 million. As a group, research analysts forecast that Star Equity will post -1.08 EPS for the current fiscal year.

Institutional Trading of Star Equity

An institutional investor recently bought a new stake in Star Equity stock. North Star Investment Management Corp. purchased a new stake in Star Equity Holdings, Inc. (NASDAQ:STRR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 55,000 shares of the company’s stock, valued at approximately $565,000. North Star Investment Management Corp. owned 1.48% of Star Equity as of its most recent SEC filing. 3.84% of the stock is owned by institutional investors and hedge funds.

About Star Equity

Star Equity Holdings, Inc is a diversified holding company that operates primarily through its Building Solutions and Healthcare businesses. The company was formerly known as Digirad Corporation and adopted the Star Equity name as it expanded beyond its historical healthcare operations.

Through its Building Solutions segment, Star Equity provides engineered building products and construction services, including modular and prefabricated structures, structural wall panels, and related components for residential, commercial, and other construction applications.