Healthcare Triangle, Inc. (NASDAQ:HCTI – Get Free Report) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 767,059 shares, an increase of 59.4% from the September 15th total of 481,149 shares. Approximately 5.1% of the company’s shares are short sold. Based on an average trading volume of 7,676,531 shares, the short-interest ratio is currently 0.1 days.
Healthcare Triangle Price Performance
Shares of Healthcare Triangle stock traded down $0.02 on Friday, hitting $0.40. The company had a trading volume of 101,746 shares, compared to its average volume of 4,471,957. The business has a 50-day simple moving average of $0.80 and a 200-day simple moving average of $1.65. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market cap of $7.06 million, a PE ratio of -0.01 and a beta of 1.09. Healthcare Triangle has a 52 week low of $0.37 and a 52 week high of $188.40.
Healthcare Triangle (NASDAQ:HCTI – Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($1.56) earnings per share for the quarter, beating the consensus estimate of ($3.43) by $1.87. The business had revenue of $0.01 million during 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%. Research analysts expect that Healthcare Triangle will post -10.23 EPS for the current fiscal year.
Analyst Ratings Changes
HCTI has been the subject of several recent research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Healthcare Triangle in a research report on Thursday. Wall Street Zen upgraded shares of Healthcare Triangle to a “hold” rating in a research note on Saturday, October 10th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Healthcare Triangle has an average rating of “Sell”.
About Healthcare Triangle
Healthcare Triangle, Inc (NASDAQ:HCTI) is a healthcare information technology company that helps healthcare providers and life sciences organizations modernize their technology infrastructure and use data more effectively. Its services support digital transformation, cloud adoption, data management, analytics, and the integration of clinical and administrative systems.
The company provides cloud and managed services, data and analytics solutions, artificial intelligence capabilities, cybersecurity support, and technology consulting.
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