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Sterling Construction Company (NASDAQ:STRL) issued its quarterly earnings data on Monday. The company reported $0.01 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.08) by $0.09, Analyst RN reports. The company had revenue of $134.50 million for the quarter, compared to the consensus estimate of $123.90 million.

A number of analysts have recently weighed in on STRL shares. Analysts at Zacks upgraded shares of Sterling Construction Company from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 6th. They now have a $8.30 price target on the stock. On the ratings front, analysts at DA Davidson reiterated a “neutral” rating on shares of Sterling Construction Company in a research note on Friday, April 11th. They now have a $8.00 price target on the stock, down previously from $10.50. Finally, analysts at TheStreet downgraded shares of Sterling Construction Company from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $9.10.

Shares of Sterling Construction Company (NASDAQ:STRL) opened at 8.06 on Monday. Sterling Construction Company has a 52 week low of $6.72 and a 52 week high of $12.37. The stock has a 50-day moving average of $7.9 and a 200-day moving average of $9.93. The company’s market cap is $134.4 million. Sterling Construction Company also saw a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 919,712 shares, an increase of 41.7% from the April 15th total of 649,206 shares. Currently, 6.2% of the company’s shares are short sold. Based on an average trading volume of 109,180 shares, the days-to-cover ratio is presently 8.4 days.

Sterling Construction Company, Inc (NASDAQ:STRL) is a heavy civil construction company that specializes in the building, reconstruction and repair of transportation and water infrastructure.

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