The stock of Digirad Corporation (NASDAQ:DRAD) is a huge mover today! About 65,247 shares traded hands or 34.12% up from the average. Digirad Corporation (NASDAQ:DRAD) has declined 13.58% since April 5, 2016 and is downtrending. It has underperformed by 15.54% the S&P500.
The move comes after 8 months positive chart setup for the $89.04M company. It was reported on Nov, 7 by Barchart.com. We have $11.38 PT which if reached, will make NASDAQ:DRAD worth $133.56M more.
According to Zacks Investment Research, “DIGIRAD CORPORATION provides diagnostic nuclear and ultrasound imaging systems and services to physicians’ offices, hospitals and other medical services providers for cardiac, vascular, and general imaging applications. Digirad’s Cardius XPO line of nuclear imaging cameras use patented solid-state technology and unique multi head design for superior performance and advanced features for sharper digital images, faster processing, compact size, lighter weight for portability, ability to handle patients up to 500 pounds, and improved patient comfort compared to standard nuclear cameras. Digirad’s 2020tc general-purpose nuclear imager has a small footprint and may also be configured for fixed or mobile use to supplement primary imaging. Digirad’s installed base of equipment exceeds 550 systems; in addition, a mobile fleet of 164 nuclear and ultrasound imaging systems is being used in 22 states and the District of Columbia, primarily in the eastern, midwestern and southwestern United States.”
Insitutional Activity: The institutional sentiment increased to 1.35 in Q2 2016. Its up 0.53, from 0.82 in 2016Q1. The ratio increased, as 5 funds sold all Digirad Corporation shares owned while 15 reduced positions. 11 funds bought stakes while 16 increased positions. They now own 10.84 million shares or 2.53% less from 11.12 million shares in 2016Q1.
Spark Investment Mngmt Limited Company holds 0.01% or 14,100 shares in its portfolio. Dimensional Fund Advsrs Limited Partnership owns 1.00M shares or 0% of their US portfolio. Thompson Davis accumulated 0.29% or 34,877 shares. Wells Fargo And Commerce Mn reported 1 shares or 0% of all its holdings. Tower Rech Cap Ltd Liability (Trc) holds 100 shares or 0% of its portfolio. Cannell Cap Ltd Liability Corporation reported 1.15M shares or 2.4% of all its holdings. Price T Rowe Assoc Md reported 39,600 shares or 0% of all its holdings. Northern Tru last reported 0% of its portfolio in the stock. Nicholas Ltd Partnership holds 0.09% or 250,000 shares in its portfolio. Blackrock Japan Limited holds 0% or 1,241 shares in its portfolio. Hillsdale Inv last reported 75,280 shares in the company. Blackrock Inv Management Ltd Liability Corporation has 3,218 shares for 0% of their US portfolio. Eam Limited Liability Com has 0.22% invested in the company for 285,386 shares. Cadence Cap Management Lc last reported 163,686 shares in the company. California Public Employees Retirement Systems has 77,300 shares for 0% of their US portfolio.
Insider Transactions: Since May 27, 2016, the stock had 9 buys, and 2 selling transactions for $299,660 net activity. 2,000 shares were bought by Keyes Jeffry R., worth $8,450 on Thursday, November 3. Eberwein Jeffrey E. had bought 5,625 shares worth $28,145 on Tuesday, September 13. The insider Molchan Matthew G. sold 5,833 shares worth $29,222. Lott Virgil had sold 23,333 shares worth $122,498 on Wednesday, June 8.
More important recent Digirad Corporation (NASDAQ:DRAD) news were published by: Globenewswire.com which released: “Digirad Corporation Announces Agreement to Acquire DMS Health Technologies for …” on October 14, 2015, also Marketwatch.com published article titled: “Digirad Corp. NASDAQ: DRAD”, Globenewswire.com published: “Digirad Corporation to Present at the Sidoti & Co. Fall 2016 Emerging Growth …” on October 12, 2016. More interesting news about Digirad Corporation (NASDAQ:DRAD) was released by: Seekingalpha.com and their article: “Digirad Corporation’s (DRAD) CEO Matt Molchan on Q2 2016 Results – Earnings …” with publication date: July 31, 2016.
DRAD Company Profile
Digirad Corporation, incorporated on January 2, 1997, is a well-known provider of diagnostic solutions. The Company’s business is organized into two divisions: Diagnostic Services and Diagnostic Imaging. The Firm provides in-office nuclear cardiology and ultrasound imaging services. The Firm also provides cardiac event monitoring services to physician practices, hospitals and imaging centers through its Diagnostic Services business segment. The Firm sells solid-state gamma cameras for nuclear cardiology and general nuclear medicine applications, as well as provides service on the products it sells through its Diagnostic Imaging business segment.
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