Healthcare Triangle, Inc. (NASDAQ:HCTI – Get Free Report) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 347,970 shares, a decrease of 34.2% from the August 15th total of 528,837 shares. Based on an average daily volume of 269,121 shares, the short-interest ratio is presently 1.3 days. Currently, 2.3% of the company’s stock are short sold.
Healthcare Triangle Price Performance
Shares of HCTI traded up $0.02 during mid-day trading on Thursday, hitting $0.71. The company’s stock had a trading volume of 112,262 shares, compared to its average volume of 679,868. The firm has a 50-day simple moving average of $1.20 and a 200 day simple moving average of $1.99. The firm has a market capitalization of $10.63 million, a P/E ratio of -0.02 and a beta of 1.09. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.11. Healthcare Triangle has a 1-year low of $0.68 and a 1-year high of $223.20.
Healthcare Triangle (NASDAQ:HCTI – Get Free Report) last released its earnings results on Thursday, August 13th. The company reported ($1.56) EPS for the quarter, beating analysts’ consensus estimates of ($3.43) by $1.87. Healthcare Triangle had a negative return on equity of 125.45% and a negative net margin of 66.85%.The company had revenue of $0.01 million during the quarter, compared to the consensus estimate of $10.35 million. Analysts predict that Healthcare Triangle will post -10.23 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on HCTI
About Healthcare Triangle
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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