Star Equity (NASDAQ:STRR) Shares Down 0.8% – What’s Next?

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

Analyst Upgrades and Downgrades

STRR has been the subject of several research reports. Litchfield Hills Research started coverage on shares of Star Equity in a research note on Tuesday, December 16th. They set a “buy” rating and a $21.00 price objective for the company. Zacks Research lowered shares of Star Equity from a “hold” rating to a “strong sell” rating in a report on Thursday, November 20th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Star Equity in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $13.00.

Star Equity Stock Down 0.8%

The business has a 50 day moving average of $10.64 and a 200-day moving average of $8.45. The stock has a market cap 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.

Star Equity (NASDAQ:STRR) last announced its earnings results on Thursday, November 13th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.30). Star Equity had a negative net margin of 3.22% and a negative return on equity of 2.33%. The company had revenue of $47.96 million during the quarter, compared to analysts’ expectations of $45.68 million. Equities research analysts predict that Star Equity Holdings, Inc. will post -1.2 EPS for the current fiscal year.

Insider Buying and Selling

In other Star Equity 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 transaction, the chief executive officer owned 794,217 shares in the company, valued at approximately $7,425,928.95. This represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, 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.