Healthcare Triangle (NASDAQ:HCTI) Releases Earnings Results

Healthcare Triangle (NASDAQ:HCTI) announced its quarterly earnings data on Friday. The company reported $1.21 EPS for the quarter, topping the consensus estimate of ($19.40) by $20.61, FiscalAI reports. The company had revenue of $9.12 million during the quarter, compared to the consensus estimate of $9.65 million. Healthcare Triangle had a negative net margin of 66.85% and a negative return on equity of 125.45%.

Healthcare Triangle Stock Down 2.1%

HCTI stock traded down $0.08 during trading on Friday, reaching $3.66. 19,087 shares of the stock were exchanged, compared to its average volume of 95,734. The firm’s 50 day moving average is $10.16 and its 200 day moving average is $50.18. The firm has a market cap of $3.26 million, a P/E ratio of -0.01 and a beta of 1.18. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.11. Healthcare Triangle has a twelve month low of $3.50 and a twelve month high of $3,096.00.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Healthcare Triangle in a research report on Thursday, October 15th. Wall Street Zen upgraded shares of Healthcare Triangle to a “hold” rating in a report on Saturday, October 10th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

About Healthcare Triangle

Healthcare Triangle, Inc. (NASDAQ:HCTI) provides information technology and digital transformation services for the healthcare and life sciences industries. The company helps organizations modernize their technology environments, manage data, and support secure, compliant operations. Its offerings include cloud services, data and analytics solutions, interoperability and application modernization, cybersecurity, managed services, and professional consulting. Healthcare Triangle also develops technology solutions intended to support electronic health record environments, clinical and business workflows, and the use of artificial intelligence and other advanced analytics in healthcare.