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

Shares of HeartCore Enterprises, Inc. (NASDAQ:HTCR) are set to reverse split 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 closing bell on Friday, April 3rd.

HeartCore Enterprises Trading Down 26.1%

Shares of HTCR opened at $0.17 on Thursday. HeartCore Enterprises has a twelve month low of $0.15 and a twelve month high of $1.67. The firm has a market capitalization of $4.21 million, a P/E ratio of -0.27 and a beta of 1.99. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.20. The stock’s fifty day simple moving average is $0.25 and its 200 day simple moving average is $0.48.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of HeartCore Enterprises in a report on Friday, March 27th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Hedge Funds Weigh In On HeartCore Enterprises

Hedge funds have recently made changes to their positions in the business. XTX Topco Ltd purchased a new position in shares of HeartCore Enterprises in the 4th quarter valued at $28,000. Board of Trustees of The Leland Stanford Junior University purchased a new stake in HeartCore Enterprises during the 4th quarter worth $30,000. Jane Street Group LLC increased its holdings in HeartCore Enterprises by 85.7% in the 4th quarter. Jane Street Group LLC now owns 113,176 shares of the company’s stock valued at $35,000 after purchasing an additional 52,217 shares in the last quarter. Finally, Virtu Financial LLC increased its holdings in HeartCore Enterprises by 306.7% in the 3rd 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. Hedge funds and other 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.