HeartCore Enterprises (NASDAQ:HTCR) Stock Rating Upgraded by Wall Street Zen

HeartCore Enterprises (NASDAQ:HTCR) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a report issued on Saturday.

Other equities research analysts have also issued research reports about the company. Weiss Ratings reiterated a “sell (d)” rating on shares of HeartCore Enterprises in a research report on Wednesday, October 8th. Zacks Research lowered HeartCore Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, HeartCore Enterprises currently has an average rating of “Reduce”.

HeartCore Enterprises Price Performance

Shares of HTCR stock opened at $0.80 on Friday. HeartCore Enterprises has a fifty-two week low of $0.39 and a fifty-two week high of $3.38. The firm has a market capitalization of $18.74 million, a price-to-earnings ratio of -80.33 and a beta of 1.91. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.26 and a current ratio of 1.26. The stock’s 50-day simple moving average is $0.89 and its 200-day simple moving average is $0.66.

HeartCore Enterprises (NASDAQ:HTCR) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.12. HeartCore Enterprises had a positive return on equity of 141.93% and a negative net margin of 0.62%.The business had revenue of $4.70 million for the quarter, compared to analyst estimates of $5.27 million. As a group, equities analysts forecast that HeartCore Enterprises will post 0.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in HeartCore Enterprises stock. Cambridge Investment Research Advisors Inc. purchased a new stake in HeartCore Enterprises, Inc. (NASDAQ:HTCR) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 157,179 shares of the company’s stock, valued at approximately $118,000. Cambridge Investment Research Advisors Inc. owned 0.71% of HeartCore Enterprises at the end of the most recent quarter. 1.71% of the stock is owned by institutional investors and hedge funds.

About HeartCore Enterprises

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.