Healthcare Triangle (HCTI) to Release Earnings on Monday

Healthcare Triangle (NASDAQ:HCTI) will likely be releasing its results before the market opens on Monday, March 30th. Analysts expect Healthcare Triangle to post earnings of ($0.20) per share for the quarter.

Healthcare Triangle Stock Down 4.7%

NASDAQ:HCTI opened at $2.62 on Monday. The company has a market capitalization of $1.91 million, a PE ratio of 0.00 and a beta of 1.03. Healthcare Triangle has a 52-week low of $2.46 and a 52-week high of $7,470.00. The stock’s 50 day moving average price is $11.10 and its 200 day moving average price is $89.77.

Healthcare Triangle announced that its Board of Directors has authorized a share buyback plan on Wednesday, March 11th that permits the company to repurchase $2,000.00 billion in shares. This repurchase authorization permits the company to buy up to 100,000,000% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Healthcare Triangle

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Advisor Group LLC acquired a new position in Healthcare Triangle in the 3rd quarter valued at about $26,000. Jane Street Group LLC acquired a new stake in Healthcare Triangle during the 2nd quarter worth approximately $33,000. Finally, XTX Topco Ltd acquired a new stake in Healthcare Triangle during the 2nd quarter worth approximately $69,000. Hedge funds and other institutional investors own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Healthcare Triangle in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Healthcare Triangle has a consensus rating of “Sell”.

About Healthcare Triangle

Healthcare Triangle, Inc (NASDAQ: HCTI) is a specialized digital transformation and cloud consulting firm focused on the healthcare industry. The company delivers a range of professional and managed services that help healthcare organizations modernize their IT infrastructure, optimize data workflows and achieve regulatory compliance.

Its core offerings include cloud architecture design and implementation, enterprise data platform development, application modernization and managed IT operations.