Sterling Construction (NASDAQ:STRL) has been downgraded from Overweight to Sector Weight in a statement by KeyBanc earlier today.
- Updated: February 11, 2017
KeyBanc has downgraded Sterling Construction (NASDAQ:STRL) from Overweight to Sector Weight in a statement released on Thursday February 09, 2017.
Having a price of $9.43, Sterling Construction (NASDAQ:STRL) traded 3.77% higher on the day. With the last stock price up 14.60% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.06% over the same period. STRL has recorded a 50-day average of $8.76 and a two hundred day average of $7.68. Trade Volume was down over the average, with 157,976 shares of STRL changing hands under the typical 184,603
Recent Performance Chart
Sterling Construction has with a one year low of $4.19 and a one year high of $9.68 and has a market capitalization of $0.
A total of 4 brokerages have issued a ratings update on Sterling Construction. zero brokerages rating the company a strong buy, three brokerages rating the company a buy, one brokerage rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $7.46.
General Company Details For Sterling Construction (NASDAQ:STRL)
Sterling Construction Company, Inc. is a heavy civil construction company engaged in the building and reconstruction of transportation and water infrastructure projects in Texas, Utah, Nevada, Arizona, California, Hawaii and other states. The Company's transportation infrastructure projects include highways, roads, bridges, airfields, ports and light rail. Its water infrastructure projects include water, wastewater and storm drainage systems. The Company operates through heavy civil construction segment. The Company provides its services by using traditional general contracting arrangements, such as lump sum contracts and cost-plus contracts. The Company serves various markets in the United States, including Texas, Utah, Nevada, Arizona, California and Hawaii. The Company's customers include departments of transportation in various states (DOTs), regional transit authorities, airport authorities, port authorities, water authorities and railroads.
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