Health In Tech (NASDAQ:HIT) Issues Quarterly Earnings Results

Health In Tech (NASDAQ:HIT) issued its quarterly earnings results on Thursday. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.03), Zacks reports.

Health In Tech Trading Down 3.5%

NASDAQ:HIT traded down $0.02 during mid-day trading on Thursday, hitting $0.54. The stock had a trading volume of 59,871 shares, compared to its average volume of 218,101. The stock has a 50-day simple moving average of $0.74 and a two-hundred day simple moving average of $1.12. The company has a market capitalization of $35.39 million, a PE ratio of -7.71 and a beta of 3.02. Health In Tech has a twelve month low of $0.49 and a twelve month high of $2.10.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Maxim Group cut their price objective on Health In Tech from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Health In Tech in a report on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Health In Tech presently has an average rating of “Moderate Buy” and a consensus target price of $3.50.

Health In Tech Company Profile

Health In Tech, Inc. is a U.S.-based insurance technology company that provides a digital platform for the self-funded health benefits market. Its technology is designed to connect employers, insurance brokers, third-party administrators and stop-loss carriers through a streamlined process for evaluating and administering health benefit plans. The company’s platform supports functions including plan quoting, comparison and enrollment, with the goal of simplifying interactions among participants in the employer-sponsored health insurance ecosystem.