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Sterling Construction Company (NASDAQ:STRL) was upgraded by equities researchers at DA Davidson from a “neutral” rating to a “buy” rating in a research report issued on Monday, TheFlyOnTheWall.com reports.

Sterling Construction Company (NASDAQ:STRL) traded up 12.78% during mid-day trading on Monday, hitting $9.09. 432,837 shares of the company’s stock traded hands. Sterling Construction Company has a 1-year low of $6.72 and a 1-year high of $12.37. The stock has a 50-day moving average of $7. and a 200-day moving average of $9.93. The company’s market cap is $151.5 million. Sterling Construction Company also was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 919,712 shares, a growth of 41.7% from the April 15th total of 649,206 shares. Based on an average daily volume of 109,180 shares, the short-interest ratio is currently 8.4 days. Approximately 6.2% of the company’s shares are sold short.

Sterling Construction Company (NASDAQ:STRL) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.08) by $0.09. The company had revenue of $134.50 million for the quarter, compared to the consensus estimate of $123.90 million. During the same quarter in the prior year, the company posted ($0.39) earnings per share. The company’s quarterly revenue was up 21.2% on a year-over-year basis. Analysts expect that Sterling Construction Company will post $0.31 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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 analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $9.65.

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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