STRL Stock: From $20.98 To $23.23 (10.72% Increase) Intraday Explanation

By Amit Chowdhry ● May 4, 2021
  • The stock price of Sterling Construction Company, Inc. (NASDAQ: STRL) increased from $20.98 to $23.23 (up 10.72%) during intraday trading this morning. This is why it happened.

The stock price of Sterling Construction Company, Inc. (NASDAQ: STRL) increased from $20.98 to $23.23 (up 10.72%) during intraday trading this morning. Investors are responding positively to the company’s first quarter 2021 results.

Q1 2021 Financial Results Compared to First Quarter 2020:

— Revenues were $315.3 million compared to $296.7 million;

— Gross margin was 14.3% of revenues compared to 11.9%;

— Operating income was $22.8 million compared to $12.1 million;

— Net Income was $10.6 million compared to $3.1 million;

— EPS was $0.37 compared to $0.11; and,

— EBITDA was $29.9 million compared to $20.3 million.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.