Star Equity (NASDAQ:STRRP) Shares Down 1% – Here’s Why

Star Equity Holdings, Inc. (NASDAQ:STRRP)’s share price was down 1% on Monday . The company traded as low as $9.21 and last traded at $9.25. Approximately 4,648 shares were traded during mid-day trading, an increase of 51% from the average daily volume of 3,072 shares. The stock had previously closed at $9.34.

Star Equity Stock Performance

The firm’s fifty day moving average price is $9.64 and its 200-day moving average price is $9.44.

Star Equity (NASDAQ:STRRP) last released its quarterly earnings data on Monday, March 21st. The company reported ($0.34) earnings per share for the quarter. The company had revenue of $23.15 million during the quarter.

Star Equity Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, December 1st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date of this dividend was Monday, December 1st.

About Star Equity

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. The company was formerly known as Digirad Corporation and changed its name to Star Equity Holdings, Inc in December 2020.