HeartCore Enterprises, Inc. (NASDAQ:HTCR – Get Free Report)’s share price dropped 3.4% during trading on Thursday . The stock traded as low as $2.24 and last traded at $2.29. 3,466 shares traded hands during trading, a decline of 83% from the average daily volume of 20,234 shares. The stock had previously closed at $2.37.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of HeartCore Enterprises in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.
Get Our Latest Research Report on HeartCore Enterprises
HeartCore Enterprises Stock Down 3.4%
HeartCore Enterprises (NASDAQ:HTCR – Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($1.45) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($1.85). HeartCore Enterprises had a negative return on equity of 138.90% and a net margin of 15.42%.The business had revenue of ($0.69) million during the quarter, compared to the consensus estimate of $6.20 million.
Institutional Investors Weigh In On HeartCore Enterprises
Hedge funds and other institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd acquired a new position in HeartCore Enterprises in the 4th quarter worth $28,000. Board of Trustees of The Leland Stanford Junior University bought a new stake in shares of HeartCore Enterprises in the fourth quarter valued at about $30,000. Jane Street Group LLC boosted its position in shares of HeartCore Enterprises by 85.7% during the fourth quarter. Jane Street Group LLC now owns 113,176 shares of the company’s stock worth $35,000 after buying an additional 52,217 shares during the period. Finally, Virtu Financial LLC boosted its position in shares of HeartCore Enterprises by 306.7% during the third quarter. Virtu Financial LLC now owns 44,829 shares of the company’s stock worth $36,000 after buying an additional 33,807 shares during the period. 1.71% of the stock is currently owned by institutional investors and hedge funds.
HeartCore Enterprises Company Profile
HeartCore Enterprises, Inc, a software development company, provides Software as a Service solutions to enterprise customers in Japan and internationally. Its customer experience management platform includes marketing, sales, service, and content management systems, as well as other tools and integrations, which enable companies to enhance the customer experience and drive engagement. The company also operates a digital transformation business that offers customers with robotics process automation, process mining, and task mining to accelerate the digital transformation of enterprises.
Further Reading
- Five stocks we like better than HeartCore Enterprises
- The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story
- NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now
- Dropping the Dough: Yum! Brands Strategically Trims the Fat
- These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern
Receive News & Ratings for HeartCore Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HeartCore Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.
