Streamline Health Solutions (NASDAQ:STRM) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Streamline Health Solutions, Inc. (NASDAQ:STRM) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.74 and traded as high as $5.32. Streamline Health Solutions shares last traded at $5.32, with a volume of 865 shares traded.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen initiated coverage on Streamline Health Solutions in a research report on Wednesday, May 21st. They issued a “sell” rating on the stock.

Streamline Health Solutions Price Performance

The stock’s 50-day moving average price is $4.92 and its 200 day moving average price is $3.74. The firm has a market cap of $23.17 million, a P/E ratio of -2.33 and a beta of 2.02.

Streamline Health Solutions (NASDAQ:STRM) last issued its quarterly earnings results on Tuesday, June 17th. The company reported ($0.40) EPS for the quarter, topping the consensus estimate of ($0.45) by $0.05. Streamline Health Solutions had a negative net margin of 49.32% and a negative return on equity of 68.23%. The firm had revenue of $4.81 million for the quarter, compared to analysts’ expectations of $4.70 million.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Streamline Health Solutions stock. Nicholas Hoffman & Company LLC. lifted its position in shares of Streamline Health Solutions, Inc. (NASDAQ:STRM) by 8.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,299 shares of the company’s stock after purchasing an additional 4,166 shares during the period. Nicholas Hoffman & Company LLC. owned 1.20% of Streamline Health Solutions worth $146,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 31.74% of the company’s stock.

Streamline Health Solutions Company Profile

Streamline Health Solutions, Inc offers health information technology solutions and associated services for hospitals and health systems in the United States and Canada. The company offers RevID, an automated revenue reconciliation software; eValuator, a coding analysis platform; data comparison engine; coding and clinical documentation improvement (CDI) solutions, including CDI, abstracting, and physician query; and financial management solutions, such as accounts receivable management, denials management, claims processing, spend management, and audit management.