Notable Mover: Could Digirad Corporation Gain Strenght? The Stock Reaches Yearly Low

Notable Mover: Could Digirad Corporation Gain Strenght? The Stock Reaches Yearly Low

The stock of Digirad Corporation (NASDAQ:DRAD) is a huge mover today! About 72,163 shares traded hands or 15.85% up from the average. Digirad Corporation (NASDAQ:DRAD) has declined 13.04% since April 14, 2016 and is downtrending. It has underperformed by 17.73% the S&P500.
The move comes after 5 months negative chart setup for the $89.54M company. It was reported on Nov, 16 by Barchart.com. We have $4.05 PT which if reached, will make NASDAQ:DRAD worth $9.85 million less.

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 2016 Q2. Its up 0.53, from 0.82 in 2016Q1. The ratio improved, 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.
Walleye Trading Limited Liability Corp holds 0% or 5,500 shares in its portfolio. Oberweis Asset Mgmt Inc reported 78,690 shares or 0.12% of all its holdings. Moreover, Perceptive Advisors Limited Liability Com has 0.01% invested in Digirad Corporation (NASDAQ:DRAD) for 24,988 shares. The New York-based Jpmorgan Chase has invested 0% in Digirad Corporation (NASDAQ:DRAD). Blackrock Fund accumulated 51,408 shares or 0% of the stock. Wells Fargo & Mn, a California-based fund reported 1 shares. Jbf Cap Inc accumulated 0.02% or 30,000 shares. Fincl Bank Of America Corporation De has invested 0% of its portfolio in Digirad Corporation (NASDAQ:DRAD). Moreover, Geode Capital Mngmt Limited Liability has 0% invested in Digirad Corporation (NASDAQ:DRAD) for 59,552 shares. Albion Fin Grp Ut last reported 0.01% of its portfolio in the stock. Cadence Capital Management Limited Liability Corporation has 163,686 shares for 0.06% of their US portfolio. Blackrock Inv Management Llc holds 3,218 shares or 0% of its portfolio. Hillsdale Inc accumulated 75,280 shares or 0.11% of the stock. Ancora Advisors Limited Liability Corp has 0.19% invested in the company for 311,342 shares. Goldman Sachs Gru Incorporated reported 29,812 shares or 0% of all its holdings.

Insider Transactions: Since May 27, 2016, the stock had 9 insider buys, and 3 insider sales for $216,119 net activity. Eberwein Jeffrey E. bought $28,145 worth of Digirad Corporation (NASDAQ:DRAD) on Tuesday, September 13. Another trade for 5,833 shares valued at $29,222 was sold by Molchan Matthew G.. On Wednesday, June 8 the insider Lott Virgil sold $122,498. 2,000 shares were bought by Keyes Jeffry R., worth $8,450 on Thursday, November 3.

More recent Digirad Corporation (NASDAQ:DRAD) news were published by: Marketwatch.com which released: “Digirad Corp. NASDAQ: DRAD” on December 21, 2009. Also Globenewswire.com published the news titled: “Digirad Corporation Announces Agreement to Acquire DMS Health Technologies for …” on October 14, 2015. Globenewswire.com‘s news article titled: “Digirad Corporation to Present at the Sidoti & Co. Fall 2016 Emerging Growth …” with publication date: October 12, 2016 was also an interesting one.

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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