Healthcare Triangle (NASDAQ:HCTI) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Healthcare Triangle (NASDAQ:HCTI) from a sell rating to a hold rating in a report released on Sunday morning.

Healthcare Triangle Stock Down 2.4%

Healthcare Triangle stock opened at $2.49 on Friday. Healthcare Triangle has a 52 week low of $1.37 and a 52 week high of $473.10. The firm’s 50-day simple moving average is $4.10 and its 200 day simple moving average is $23.09. The firm has a market capitalization of $14.52 million, a PE ratio of -0.02 and a beta of 0.81.

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

Institutional Investors Weigh In On Healthcare Triangle

An institutional investor recently bought a new position in Healthcare Triangle stock. Jane Street Group LLC acquired a new position in Healthcare Triangle, Inc. (NASDAQ:HCTI) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 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 SEC filing. Hedge funds and other institutional investors own 0.33% of the company’s stock.

Healthcare Triangle Company Profile

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.