Healthcare Triangle, Inc. (NASDAQ:HCTI – Get Free Report) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 252,895 shares, a decline of 67.0% from the September 30th total of 767,059 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 411,645 shares, the days-to-cover ratio is currently 0.6 days.
Wall Street Analysts Forecast Growth
HCTI has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Healthcare Triangle in a research report on Thursday, October 15th. Wall Street Zen upgraded shares of Healthcare Triangle to a “hold” rating in a report on Saturday, October 10th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, Healthcare Triangle presently has a consensus rating of “Sell”.
Check Out Our Latest Stock Analysis on Healthcare Triangle
Healthcare Triangle Price Performance
Healthcare Triangle stock traded down $0.13 during mid-day trading on Thursday, hitting $6.30. 18,542 shares of the company were exchanged, compared to its average volume of 20,938. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.60 and a current ratio of 0.60. The business’s 50 day simple moving average is $12.96 and its two-hundred day simple moving average is $76.33. Healthcare Triangle has a 12-month low of $6.15 and a 12-month high of $3,516.00.
Healthcare Triangle (NASDAQ:HCTI – Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($31.20) EPS for the quarter, beating analysts’ consensus estimates of ($68.60) by $37.40. The business had revenue of $0.01 million for the quarter, compared to analyst estimates of $10.35 million. Healthcare Triangle had a negative return on equity of 125.45% and a negative net margin of 66.85%. As a group, equities research analysts anticipate that Healthcare Triangle will post -204.60 EPS for the current year.
Healthcare Triangle Company Profile
Healthcare Triangle, Inc (NASDAQ:HCTI) provides information technology and digital transformation services for the healthcare and life sciences industries. The company helps organizations modernize their technology environments, manage data, and support secure, compliant operations.
Its offerings include cloud services, data and analytics solutions, interoperability and application modernization, cybersecurity, managed services, and professional consulting. Healthcare Triangle also develops technology solutions intended to support electronic health record environments, clinical and business workflows, and the use of artificial intelligence and other advanced analytics in healthcare.
The company serves healthcare providers, payers, pharmaceutical and biotechnology companies, and other life sciences organizations.
See Also
- Five stocks we like better than Healthcare Triangle
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
- GE Vernova’s Reservations Are Turning Into Real Orders—But the Market Still Wants More.
- Where’s the Beef? Trian-Led Buyout Proposal Values Wendy’s at $1.4B, But Is It Enough?
Receive News & Ratings for Healthcare Triangle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthcare Triangle and related companies with MarketBeat.com's FREE daily email newsletter.
