Star Equity’s (STRR) Sell (E+) Rating Reaffirmed at Weiss Ratings

Star Equity (NASDAQ:STRR)‘s stock had its “sell (e+)” rating restated by investment analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Maxim Group downgraded Star Equity from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $5.00.

Star Equity Stock Performance

Shares of NASDAQ:STRR opened at $11.14 on Wednesday. Star Equity has a one year low of $8.26 and a one year high of $15.90. The stock has a fifty day moving average of $6.38 and a 200-day moving average of $3.58. The company has a market capitalization of $30.75 million, a PE ratio of -8.57 and a beta of 0.40.

Star Equity (NASDAQ:STRR) last announced its quarterly earnings data on Wednesday, August 13th. The company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $2.12. Star Equity had a negative return on equity of 3.81% and a negative net margin of 2.81%.The company had revenue of $23.71 million during the quarter, compared to the consensus estimate of $16.75 million. As a group, research analysts forecast that Star Equity will post -1.2 EPS for the current fiscal year.

Insider Activity

In other Star Equity news, CEO Jeffrey E. Eberwein bought 2,600 shares of Star Equity stock in a transaction dated Tuesday, September 30th. The stock was bought at an average price of $11.20 per share, for a total transaction of $29,120.00. Following the completion of the acquisition, the chief executive officer directly owned 681,747 shares of the company’s stock, valued at approximately $7,635,566.40. This trade represents a 0.38% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders acquired 67,113 shares of company stock valued at $722,993 and sold 31,105 shares valued at $287,007. 33.51% of the stock is owned by insiders.

About Star Equity

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.