Healthcare Triangle, Inc. (NASDAQ:HCTI – Free Report) – Investment analysts at Zacks Research decreased their FY2026 earnings per share estimates for shares of Healthcare Triangle in a research report issued on Thursday, May 14th. Zacks Research analyst B. Sorensen now forecasts that the company will post earnings per share of ($16.13) for the year, down from their previous forecast of ($0.53). The consensus estimate for Healthcare Triangle’s current full-year earnings is ($0.53) per share. Zacks Research also issued estimates for Healthcare Triangle’s FY2027 earnings at ($10.14) EPS.
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Healthcare Triangle in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.
Healthcare Triangle Stock Performance
Shares of HCTI opened at $2.22 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a 50-day moving average of $2.51 and a 200-day moving average of $47.04. The company has a market cap of $4.37 million, a PE ratio of 0.00 and a beta of 0.99. Healthcare Triangle has a one year low of $2.06 and a one year high of $1,299.78.
Healthcare Triangle announced that its Board of Directors has initiated a stock buyback plan on Wednesday, March 11th that permits the company to repurchase $2,000.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 100,000,000% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.
Hedge Funds Weigh In On Healthcare Triangle
Several hedge funds have recently modified their holdings of the company. XTX Topco Ltd bought a new position in shares of Healthcare Triangle during the 2nd quarter worth approximately $69,000. Jane Street Group LLC bought a new stake in shares of Healthcare Triangle in the 2nd quarter worth approximately $33,000. Finally, Private Advisor Group LLC bought a new stake in shares of Healthcare Triangle in the 3rd quarter worth approximately $26,000. Institutional investors own 0.33% of the company’s stock.
Healthcare Triangle Company Profile
Healthcare Triangle, Inc (NASDAQ: HCTI) is a specialized digital transformation and cloud consulting firm focused on the healthcare industry. The company delivers a range of professional and managed services that help healthcare organizations modernize their IT infrastructure, optimize data workflows and achieve regulatory compliance.
Its core offerings include cloud architecture design and implementation, enterprise data platform development, application modernization and managed IT operations.
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