Healthcare Triangle (NASDAQ:HCTI) Raised to “Hold” at Wall Street Zen

Healthcare Triangle (NASDAQ:HCTI) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Monday.

Healthcare Triangle Price Performance

NASDAQ HCTI opened at $3.99 on Monday. Healthcare Triangle has a 1-year low of $1.37 and a 1-year high of $473.10. The company has a market capitalization of $23.26 million, a P/E ratio of -0.03 and a beta of 0.88. The business has a 50 day moving average price of $6.04 and a 200 day moving average price of $48.52.

Healthcare Triangle (NASDAQ:HCTI) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.58) earnings per share for the quarter. The company had revenue of $3.56 million during the quarter.

Hedge Funds Weigh In On Healthcare Triangle

A hedge fund recently bought a new stake in Healthcare Triangle stock. Jane Street Group LLC purchased a new position in shares of Healthcare Triangle, Inc. (NASDAQ:HCTI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,201,516 shares of the company’s stock, valued at approximately $33,000. Jane Street Group LLC owned approximately 20.60% of Healthcare Triangle as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 0.33% of the company’s stock.

About Healthcare Triangle

Healthcare Triangle, Inc, a healthcare information technology company, focuses on developing solutions in the sectors of cloud services, data science, and professional and managed services for the electronic health record, and healthcare and life sciences industry. It provides a suite of software, solutions, platforms, and services that enables healthcare and pharma organizations to deliver personalized healthcare, precision medicine, advances in drug discovery, development and efficacy, collaborative research and development, respond to evidence, and accelerate their digital transformation.