Healthcare Triangle Stock Scheduled to Reverse Split on Monday, October 26th (NASDAQ:HCTI)

Shares of Healthcare Triangle, Inc. (NASDAQ:HCTI) are going to reverse split on Monday, October 26th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, October 25th.

Healthcare Triangle Trading Down 8.8%

Shares of HCTI traded down $0.04 during mid-day trading on Thursday, reaching $0.38. The company’s stock had a trading volume of 271,279 shares, compared to its average volume of 1,781,233. The business has a fifty day moving average of $0.72 and a 200 day moving average of $1.58. Healthcare Triangle has a 1 year low of $0.36 and a 1 year high of $188.40. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.60 and a quick ratio of 0.60.

Healthcare Triangle (NASDAQ:HCTI) last issued its 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. The business had revenue of $0.01 million during the quarter, compared to analysts’ expectations of $10.35 million. Healthcare Triangle had a negative return on equity of 125.45% and a negative net margin of 66.85%. Sell-side analysts predict that Healthcare Triangle will post -10.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on HCTI. Weiss Ratings restated a “sell (e+)” rating on shares of Healthcare Triangle in a report on Thursday, October 15th. Wall Street Zen raised shares of Healthcare Triangle to a “hold” rating in a research note on Saturday, October 10th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Healthcare Triangle currently has an average rating of “Sell”.

Healthcare Triangle Company Profile

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.