Healthcare Triangle (NASDAQ:HCTI) Raised to “Hold” at Wall Street Zen

Healthcare Triangle (NASDAQ:HCTI) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Healthcare Triangle in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Healthcare Triangle Stock Performance

NASDAQ:HCTI opened at $0.48 on Friday. The firm has a market cap of $7.24 million, a P/E ratio of -0.01 and a beta of 1.09. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.11. The stock’s 50 day simple moving average is $0.87 and its 200-day simple moving average is $1.73. Healthcare Triangle has a 12-month low of $0.46 and a 12-month high of $188.40.

Healthcare Triangle (NASDAQ:HCTI) last released its quarterly earnings results on Thursday, August 13th. The company reported ($1.56) EPS for the quarter, topping the consensus estimate of ($3.43) by $1.87. Healthcare Triangle had a negative return on equity of 125.45% and a negative net margin of 66.85%. The business had revenue of $0.01 million during the quarter, compared to analysts’ expectations of $10.35 million. Equities analysts anticipate that Healthcare Triangle will post -10.23 EPS for the current year.

About Healthcare Triangle

Healthcare Triangle, Inc (NASDAQ:HCTI) is a healthcare information technology company that helps healthcare providers and life sciences organizations modernize their technology infrastructure and use data more effectively. Its services support digital transformation, cloud adoption, data management, analytics, and the integration of clinical and administrative systems.

The company provides cloud and managed services, data and analytics solutions, artificial intelligence capabilities, cybersecurity support, and technology consulting.