Digirad Corporation (DRAD) Announces Quarterly Earnings Results, Beats Expectations By $0.04 EPS
Digirad Corporation (NASDAQ:DRAD) issued its quarterly earnings data on Friday. The medical equipment provider reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.04, Bloomberg Earnings reports. Digirad Corporation had a negative net margin of 2.60% and a positive return on equity of 8.58%.
Shares of Digirad Corporation (NASDAQ DRAD) traded up $0.45 during trading hours on Friday, reaching $2.45. 353,358 shares of the company’s stock were exchanged, compared to its average volume of 203,274. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.31 and a quick ratio of 0.99. The company has a market capitalization of $42.49 million, a PE ratio of 7.88 and a beta of 1.85.
Separately, B. Riley restated a “buy” rating and issued a $6.00 price objective on shares of Digirad Corporation in a report on Thursday, October 5th.
About Digirad Corporation
Digirad Corporation provides healthcare solutions. The Company’s segments include Diagnostic Services, Mobile Healthcare, Diagnostic Imaging and Medical Device Sales and Services. Through Diagnostic Services, the Company offers an imaging services program as an alternative to purchasing equipment or outsourcing the procedures to another physician or imaging center.
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