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

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

Separately, Weiss Ratings raised shares of Star Equity from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, September 28th. One investment 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $28.00.

Star Equity Price Performance

Shares of STRR opened at $9.94 on Monday. The stock has a market cap of $36.68 million, a P/E ratio of -3.25 and a beta of 0.50. Star Equity has a 1 year low of $8.95 and a 1 year high of $11.91. The stock’s 50-day moving average price is $10.09 and its two-hundred day moving average price is $10.43. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.09.

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

Institutional Trading of Star Equity

An institutional investor recently raised its stake in Star Equity stock. Renaissance Technologies LLC lifted its position in Star Equity Holdings, Inc. (NASDAQ:STRR) by 2.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,926 shares of the company’s stock after buying an additional 2,200 shares during the period. Renaissance Technologies LLC owned about 2.19% of Star Equity worth $832,000 as of its most recent SEC filing. 3.84% of the stock is currently owned by hedge funds and other institutional investors.

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.