HeartCore Enterprises (NASDAQ:HTCR) Shares Down 1.6% – Here’s What Happened

HeartCore Enterprises, Inc. (NASDAQ:HTCR) shares fell 1.6% on Thursday . The stock traded as low as $0.81 and last traded at $0.85. 99,442 shares traded hands during trading, a decline of 79% from the average session volume of 481,725 shares. The stock had previously closed at $0.87.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of HeartCore Enterprises from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

HeartCore Enterprises Stock Down 1.6%

The company has a debt-to-equity ratio of 0.52, a current ratio of 1.26 and a quick ratio of 1.26. The company’s 50-day simple moving average is $0.75 and its 200 day simple moving average is $0.67. The firm has a market cap of $19.88 million, a P/E ratio of -85.18 and a beta of 2.01.

HeartCore Enterprises (NASDAQ:HTCR) last released its quarterly earnings data on Wednesday, August 13th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.12. HeartCore Enterprises had a negative net margin of 0.62% and a positive return on equity of 141.93%. The business had revenue of $4.70 million during the quarter, compared to analyst estimates of $5.27 million. Research analysts anticipate that HeartCore Enterprises, Inc. will post 0.39 EPS for the current fiscal year.

Institutional Trading of HeartCore Enterprises

Institutional investors have recently added to or reduced their stakes in the company. CreativeOne Wealth LLC lifted its stake in HeartCore Enterprises by 330.6% in the first quarter. CreativeOne Wealth LLC now owns 184,743 shares of the company’s stock worth $139,000 after purchasing an additional 141,843 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in HeartCore Enterprises in the first quarter worth about $118,000. Finally, Citadel Advisors LLC bought a new stake in HeartCore Enterprises in the fourth quarter worth about $83,000. Institutional investors own 1.71% of the company’s stock.

HeartCore Enterprises Company Profile

HeartCore Enterprises, Inc, a software development company, provides Software as a Service solutions to enterprise customers in Japan and internationally. Its customer experience management platform includes marketing, sales, service, and content management systems, as well as other tools and integrations, which enable companies to enhance the customer experience and drive engagement.