Healthcare Triangle, Inc. (NASDAQ:HCTI – Get Free Report) saw a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 18,750 shares, a drop of 92.6% from the October 15th total of 252,895 shares. Based on an average daily trading volume, of 20,047 shares, the days-to-cover ratio is presently 0.9 days. Approximately 2.1% of the shares of the company are short sold.
Analyst Upgrades and Downgrades
HCTI has been the topic of a number of recent research reports. Wall Street Zen upgraded Healthcare Triangle to a “hold” rating in a research note on Saturday, October 10th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Healthcare Triangle in a research report on Thursday, October 15th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Healthcare Triangle currently has an average rating of “Sell”.
Check Out Our Latest Analysis on HCTI
Healthcare Triangle Trading Up 1.5%
Shares of Healthcare Triangle stock traded up $0.06 during trading hours on Wednesday, hitting $4.27. The company’s stock had a trading volume of 3,256 shares, compared to its average volume of 56,804. Healthcare Triangle has a twelve month low of $3.51 and a twelve month high of $3,192.00. The stock has a market cap of $3.80 million, a price-to-earnings ratio of -0.13 and a beta of 1.18. The firm has a fifty day moving average of $10.92 and a 200-day moving average of $55.40. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.60 and a current ratio of 0.60.
Healthcare Triangle (NASDAQ:HCTI – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported ($31.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($68.60) by $37.40. Healthcare Triangle had a negative net margin of 66.85% and a negative return on equity of 125.45%. The business had revenue of $0.01 million for the quarter, compared to the consensus estimate of $10.35 million. Research analysts forecast 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.
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