Streamline Health Solutions (NASDAQ:STRM) Research Coverage Started at StockNews.com

Research analysts at StockNews.com began coverage on shares of Streamline Health Solutions (NASDAQ:STRM) in a research note issued to investors on Tuesday. The brokerage set a “sell” rating on the stock.

Separately, Craig Hallum raised Streamline Health Solutions to a “strong-buy” rating in a research report on Thursday, September 5th.

Streamline Health Solutions Trading Down 4.0 %

NASDAQ:STRM opened at $0.23 on Tuesday. Streamline Health Solutions has a twelve month low of $0.14 and a twelve month high of $1.00. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. The business has a 50 day moving average price of $0.42 and a two-hundred day moving average price of $0.43. The company has a market cap of $14.27 million, a P/E ratio of -0.72 and a beta of 1.62.

Streamline Health Solutions shares are set to reverse split before the market opens on Friday, October 4th. The 1-15 reverse split was announced on Thursday, September 26th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, October 3rd.

Streamline Health Solutions (NASDAQ:STRM) last released its quarterly earnings results on Wednesday, September 11th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). Streamline Health Solutions had a negative return on equity of 44.85% and a negative net margin of 92.72%. The firm had revenue of $4.48 million for the quarter.

Institutional Investors Weigh In On Streamline Health Solutions

An institutional investor recently raised its position in Streamline Health Solutions stock. Austin Wealth Management LLC grew its position in shares of Streamline Health Solutions, Inc. (NASDAQ:STRM) by 100.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 935,519 shares of the company’s stock after buying an additional 468,242 shares during the period. Austin Wealth Management LLC owned approximately 1.59% of Streamline Health Solutions worth $402,000 at the end of the most recent quarter. 31.74% of the stock is owned by institutional investors.

Streamline Health Solutions Company Profile

Streamline Health Solutions, Inc offers health information technology solutions and associated services for hospitals and health systems in the United States and Canada. The company offers RevID, an automated revenue reconciliation software; eValuator, a coding analysis platform; data comparison engine; coding and clinical documentation improvement (CDI) solutions, including CDI, abstracting, and physician query; and financial management solutions, such as accounts receivable management, denials management, claims processing, spend management, and audit management.