Star Equity (NASDAQ:STRR) Stock Price Up 27.5% – Still a Buy?

Star Equity Holdings, Inc. (NASDAQ:STRR) shares rose 27.5% during trading on Friday . The company traded as high as $2.14 and last traded at $2.72. Approximately 1,818,897 shares were traded during mid-day trading, an increase of 1,186% from the average daily volume of 141,394 shares. The stock had previously closed at $2.13.

Analyst Upgrades and Downgrades

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

Star Equity Stock Performance

The firm has a market cap of $8.77 million, a P/E ratio of -2.66 and a beta of 0.94. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.12 and a current ratio of 1.51. The company’s 50 day moving average is $2.05 and its 200 day moving average is $2.13.

Star Equity (NASDAQ:STRR) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $1.86 EPS for the quarter, beating the consensus estimate of ($0.26) by $2.12. The business had revenue of $23.71 million during the quarter, compared to the consensus estimate of $16.75 million. Star Equity had a negative net margin of 3.19% and a positive return on equity of 12.87%. As a group, equities analysts predict that Star Equity Holdings, Inc. will post -1.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Star Equity

An institutional investor recently raised its position in Star Equity stock. Renaissance Technologies LLC boosted its stake in Star Equity Holdings, Inc. (NASDAQ:STRR) by 37.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,460 shares of the company’s stock after purchasing an additional 4,718 shares during the period. Renaissance Technologies LLC owned about 0.54% of Star Equity worth $39,000 at the end of the most recent quarter. Institutional investors own 3.84% 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.