HeartCore Enterprises Stock Scheduled to Reverse Split on Monday, April 6th (NASDAQ:HTCR)

Shares of HeartCore Enterprises, Inc. (NASDAQ:HTCR) are going to reverse split before the market opens on Monday, April 6th. The 1-20 reverse split was announced on Wednesday, April 1st. The number of shares owned by shareholders will be adjusted after the market closes on Friday, April 3rd.

HeartCore Enterprises Price Performance

HTCR stock opened at $0.17 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a 50 day moving average price of $0.25 and a 200-day moving average price of $0.48. HeartCore Enterprises has a 52-week low of $0.15 and a 52-week high of $1.67. The firm has a market capitalization of $4.21 million, a price-to-earnings ratio of -0.27 and a beta of 1.99.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of HeartCore Enterprises in a research report on Friday, March 27th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Hedge Funds Weigh In On HeartCore Enterprises

Hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in HeartCore Enterprises in the 4th quarter valued at approximately $28,000. Board of Trustees of The Leland Stanford Junior University bought a new stake in shares of HeartCore Enterprises in the 4th quarter worth $30,000. Jane Street Group LLC raised its stake 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 last quarter. Finally, Virtu Financial LLC lifted its holdings in shares of HeartCore Enterprises by 306.7% during the third quarter. Virtu Financial LLC now owns 44,829 shares of the company’s stock valued at $36,000 after purchasing an additional 33,807 shares in the last quarter. 1.71% of the stock is currently owned by hedge funds and other institutional investors.

HeartCore Enterprises Company Profile

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.