Digirad (DRAD) Sees Unusually-High Trading Volume After Insider Buying Activity
Shares of Digirad Co. (NASDAQ:DRAD) saw strong trading volume on Tuesday following insider buying activity. 825,244 shares changed hands during trading, an increase of 755% from the previous session’s volume of 96,546 shares.The stock last traded at $1.00 and had previously closed at $0.83.
Specifically, COO David James Noble purchased 40,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were purchased at an average price of $0.82 per share, for a total transaction of $32,800.00. Following the purchase, the chief operating officer now directly owns 75,000 shares of the company’s stock, valued at approximately $61,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased a total of 75,000 shares of company stock worth $60,900 in the last 90 days. 9.10% of the stock is currently owned by company insiders.
The company has a debt-to-equity ratio of 0.37, a current ratio of 1.60 and a quick ratio of 1.19.
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Digirad Company Profile (NASDAQ:DRAD)
Digirad Corporation provides healthcare solutions in the United States. It operates through Diagnostic Services, Mobile Healthcare, and Diagnostic Imaging segments. The Diagnostic Services segment provides nuclear and ultrasound imaging services to physicians who perform nuclear imaging, echocardiography, vascular or general ultrasound tests, imaging systems, radiopharmaceuticals, and licensing services, as well as offers remote cardiac event monitoring services.
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