HeartCore Enterprises (HTCR) Projected to Post Quarterly Earnings on Monday

HeartCore Enterprises (NASDAQ:HTCR) is expected to post its results before the market opens on Monday, March 30th. Analysts expect HeartCore Enterprises to post earnings of $0.02 per share and revenue of $7.30 million for the quarter.

HeartCore Enterprises Trading Down 1.7%

Shares of HeartCore Enterprises stock opened at $0.23 on Monday. HeartCore Enterprises has a 1-year low of $0.22 and a 1-year high of $1.67. The company’s fifty day simple moving average is $0.27 and its 200-day simple moving average is $0.52. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market capitalization of $5.72 million, a PE ratio of -0.37 and a beta of 1.96.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of HeartCore Enterprises in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce”.

Institutional Investors Weigh In On HeartCore Enterprises

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new position in HeartCore Enterprises during the fourth quarter valued at approximately $28,000. Jane Street Group LLC boosted its position in shares of HeartCore Enterprises by 85.7% in the fourth quarter. Jane Street Group LLC now owns 113,176 shares of the company’s stock worth $35,000 after purchasing an additional 52,217 shares during the period. Finally, Virtu Financial LLC increased its stake in shares of HeartCore Enterprises by 306.7% in the third quarter. Virtu Financial LLC now owns 44,829 shares of the company’s stock worth $36,000 after purchasing an additional 33,807 shares in the last quarter. Institutional investors own 1.71% of the company’s stock.

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. The company also operates a digital transformation business that offers customers with robotics process automation, process mining, and task mining to accelerate the digital transformation of enterprises.