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

Zacks Research lowered shares of Star Equity (NASDAQ:STRR) from a hold rating to a strong sell rating in a research note published on Thursday,Zacks.com reports.

Several other analysts also recently commented on STRR. Maxim Group downgraded shares of Star Equity from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Star Equity in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Star Equity presently has a consensus rating of “Sell” and an average price target of $5.00.

Star Equity Stock Performance

Star Equity stock opened at $9.75 on Thursday. The stock has a 50-day simple moving average of $10.88 and a 200 day simple moving average of $5.49. Star Equity has a 52 week low of $8.26 and a 52 week high of $15.90. The stock has a market capitalization of $33.50 million, a P/E ratio of -7.50 and a beta of 0.42.

Star Equity (NASDAQ:STRR) last announced its earnings results on Thursday, November 13th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.30). The company had revenue of $47.96 million for the quarter, compared to analysts’ expectations of $45.68 million. Star Equity had a negative net margin of 2.81% and a negative return on equity of 3.81%. Research analysts forecast that Star Equity will post -1.2 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Jeffrey E. Eberwein acquired 12,000 shares of Star Equity stock in a transaction on Wednesday, September 17th. The stock was acquired at an average cost of $10.94 per share, with a total value of $131,280.00. Following the completion of the acquisition, the chief executive officer owned 651,595 shares in the company, valued at approximately $7,128,449.30. This trade represents a 1.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders purchased 87,907 shares of company stock valued at $937,425 and sold 31,105 shares valued at $287,007. Insiders own 33.51% of the company’s stock.

Star Equity Company Profile

Star Equity Holdings, Inc engages in the construction business in the United States and internationally. It operates through two segments: Construction, and Investments. It manufactures modular housing units, structural wall panels, permanent wood foundation systems, and other engineered wood products; supplies general contractors with building materials; holds real estate assets; and manages investments.