Star Equity (NASDAQ:STRR) Shares Down 0.8% – Here’s Why

Star Equity Holdings, Inc. (NASDAQ:STRR)’s share price was down 0.8% on Friday . The stock traded as low as $9.90 and last traded at $10.27. Approximately 4,258 shares changed hands during trading, a decline of 11% from the average daily volume of 4,811 shares. The stock had previously closed at $10.35.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Star Equity in a research report on Thursday, January 22nd. Litchfield Hills Research began coverage on shares of Star Equity in a research note on Tuesday, December 16th. They issued a “buy” rating and a $21.00 target price for the company. Finally, Zacks Research lowered Star Equity from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 20th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $13.00.

Star Equity Stock Down 0.8%

The firm has a market capitalization of $35.33 million, a PE ratio of -6.50 and a beta of 0.47. The company has a current ratio of 2.07, a quick ratio of 1.83 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average of $10.64 and a two-hundred day moving average of $8.45.

Star Equity (NASDAQ:STRR) last announced its quarterly earnings results on Thursday, November 13th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.30). The firm had revenue of $47.96 million for the quarter, compared to analyst estimates of $45.68 million. Star Equity had a negative return on equity of 2.33% and a negative net margin of 3.22%. On average, equities research analysts forecast that Star Equity Holdings, Inc. will post -1.2 EPS for the current year.

Insider Buying and Selling at Star Equity

In related news, CEO Jeffrey E. Eberwein sold 16,000 shares of the stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $9.35, for a total value of $149,600.00. Following the completion of the sale, the chief executive officer directly owned 794,217 shares in the company, valued at approximately $7,425,928.95. This represents a 1.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have acquired 37,771 shares of company stock worth $405,160 and have sold 23,000 shares worth $213,783. Insiders own 33.51% of the company’s stock.

Star Equity Company Profile

Hudson Global, Inc is a publicly traded talent acquisition and recruitment firm that provides a range of staffing and workforce solutions to organizations around the world. Operating primarily through two service lines—recruitment process outsourcing (RPO) and retained executive search—the company connects employers with qualified professionals across a variety of disciplines, including finance, accounting, technology, human resources and legal. Its flexible engagement models encompass project-based sourcing, volume hiring and high-level leadership searches, enabling clients to tailor recruitment strategies to their specific business objectives.

With a global footprint spanning North America, Europe, Asia-Pacific and Latin America, Hudson Global supports multinational corporations as well as regional and niche market clients.