StockNews.com Initiates Coverage on Streamline Health Solutions (NASDAQ:STRM)

StockNews.com initiated coverage on shares of Streamline Health Solutions (NASDAQ:STRMGet Rating) in a research note issued to investors on Friday. The brokerage set a “sell” rating on the stock.

A number of other research analysts have also weighed in on STRM. TheStreet raised shares of Streamline Health Solutions from a “d+” rating to a “c-” rating in a research report on Friday, April 29th. Colliers Securities reaffirmed a “buy” rating on shares of Streamline Health Solutions in a research note on Tuesday, March 22nd.

Shares of NASDAQ:STRM opened at $1.24 on Friday. The company’s fifty day moving average is $1.47 and its two-hundred day moving average is $1.48. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.28. Streamline Health Solutions has a 12-month low of $1.22 and a 12-month high of $2.29. The company has a market cap of $59.65 million, a P/E ratio of -7.75 and a beta of 0.77.

Streamline Health Solutions (NASDAQ:STRMGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The company reported ($0.06) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.06). Streamline Health Solutions had a negative net margin of 37.64% and a negative return on equity of 21.43%. During the same period in the previous year, the firm earned ($0.05) earnings per share.

A number of institutional investors have recently added to or reduced their stakes in STRM. HighTower Advisors LLC grew its position in shares of Streamline Health Solutions by 46.2% in the 1st quarter. HighTower Advisors LLC now owns 95,050 shares of the company’s stock valued at $152,000 after acquiring an additional 30,050 shares during the period. Millennium Management LLC acquired a new stake in Streamline Health Solutions in the 2nd quarter worth about $145,000. Nicholas Hoffman & Company LLC. raised its position in shares of Streamline Health Solutions by 118.5% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 184,378 shares of the company’s stock valued at $295,000 after buying an additional 100,000 shares in the last quarter. Finally, Herald Investment Management Ltd raised its position in shares of Streamline Health Solutions by 26.3% in the 3rd quarter. Herald Investment Management Ltd now owns 600,000 shares of the company’s stock valued at $1,044,000 after buying an additional 125,000 shares in the last quarter. 40.83% of the stock is owned by institutional investors and hedge funds.

About Streamline Health Solutions (Get Rating)

Streamline Health Solutions, Inc provides health information technology solutions and associated services for hospitals and health systems in the United States and Canada. It provides computer software-based solutions and auditing services, which captures, aggregates, and translates structured and unstructured data to deliver predictive insights.

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