Weiss Ratings Reaffirms “Sell (E+)” Rating for TruBridge (NASDAQ:TBRG)

TruBridge (NASDAQ:TBRG)‘s stock had its “sell (e+)” rating reissued by research analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

TruBridge Stock Performance

NASDAQ TBRG opened at $19.22 on Friday. The company’s 50 day moving average is $20.18 and its 200-day moving average is $22.08. TruBridge has a 12-month low of $12.65 and a 12-month high of $32.00. The company has a quick ratio of 1.79, a current ratio of 1.80 and a debt-to-equity ratio of 0.94. The firm has a market cap of $288.49 million, a P/E ratio of -22.88 and a beta of 0.57.

Institutional Trading of TruBridge

Hedge funds and other institutional investors have recently modified their holdings of the business. Legal & General Group Plc bought a new stake in shares of TruBridge in the second quarter valued at approximately $26,000. First Horizon Corp bought a new stake in shares of TruBridge in the third quarter valued at approximately $42,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of TruBridge in the second quarter valued at approximately $59,000. New York State Common Retirement Fund purchased a new position in TruBridge during the second quarter valued at approximately $101,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in TruBridge during the second quarter valued at approximately $128,000. Institutional investors own 88.64% of the company’s stock.

About TruBridge

TruBridge, Inc provides healthcare solutions and services for community hospitals, clinics, and other healthcare systems in the United States and internationally. The company operates in three segments: Revenue Cycle Management (RCM), Electronic Health Record (HER), and Patient Engagement. It focuses on providing RCM solutions for care settings, regardless of primary healthcare information solutions provider along with business management, consulting, managed IT services, and analytics and business intelligence.