Star Equity (NASDAQ:STRR) Cut to “Strong Sell” at Zacks Research

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

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

Star Equity Stock Performance

Shares of Star Equity stock opened at $9.75 on Thursday. The firm has a fifty day moving average of $10.88 and a two-hundred day moving average of $5.51. 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 price-to-earnings ratio of -7.50 and a beta of 0.42.

Star Equity (NASDAQ:STRR) last released its quarterly earnings data on Thursday, November 13th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.30). The company had revenue of $47.96 million during the quarter, compared to analyst estimates of $45.68 million. Star Equity had a negative net margin of 2.81% and a negative return on equity of 3.81%. As a group, research analysts forecast that Star Equity will post -1.2 EPS for the current fiscal year.

Insider Activity

In related news, CEO Jeffrey E. Eberwein purchased 10,217 shares of Star Equity stock in a transaction that occurred on Tuesday, November 18th. The shares were acquired at an average price of $10.42 per share, with a total value of $106,461.14. Following the completion of the transaction, the chief executive officer directly owned 700,229 shares of the company’s stock, valued at $7,296,386.18. This represents a 1.48% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders purchased 87,907 shares of company stock valued at $937,425 and sold 31,105 shares valued at $287,007. Company 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.