Digirad Corporation (DRAD) Earning Somewhat Favorable Media Coverage, Analysis Shows
Media coverage about Digirad Corporation (NASDAQ:DRAD) has been trending somewhat positive on Tuesday, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Digirad Corporation earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave media stories about the medical equipment provider an impact score of 47.049196595146 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern’s analysis:
- TheStreet Lowers Digirad Corporation (DRAD) to D+ (americanbankingnews.com)
- Digirad reports 3Q loss (finance.yahoo.com)
- Digirad Corp.: Strong price momentum but will it sustain? (finance.yahoo.com)
- Digirad’s (DRAD) CEO Matthew Molchan on Q3 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Edited Transcript of DRAD earnings conference call or presentation 3-Nov-17 3:00pm GMT (finance.yahoo.com)
Digirad Corporation (NASDAQ DRAD) traded up $0.02 during midday trading on Tuesday, reaching $2.53. The company had a trading volume of 74,645 shares, compared to its average volume of 207,077. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.31 and a quick ratio of 0.99. Digirad Corporation has a 1 year low of $1.90 and a 1 year high of $5.68. The stock has a market capitalization of $50.94, a P/E ratio of 8.45 and a beta of 1.85.
Digirad Corporation (NASDAQ:DRAD) last posted its quarterly earnings data on Friday, November 3rd. The medical equipment provider reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.04. Digirad Corporation had a negative net margin of 9.93% and a positive return on equity of 9.33%. The business had revenue of $28.56 million for the quarter, compared to analysts’ expectations of $31.21 million. sell-side analysts predict that Digirad Corporation will post 0.17 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Monday, November 20th will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 8.71%. The ex-dividend date is Friday, November 17th. Digirad Corporation’s dividend payout ratio (DPR) is -37.29%.
Several research firms recently weighed in on DRAD. B. Riley reiterated a “buy” rating and set a $6.40 target price on shares of Digirad Corporation in a research report on Saturday, August 5th. TheStreet downgraded Digirad Corporation from a “c” rating to a “d+” rating in a research report on Friday.
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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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