Healthcare Triangle (HCTI) to Post Quarterly Earnings on Thursday

Healthcare Triangle (NASDAQ:HCTI) is expected to issue its results before the market opens on Thursday, August 13th. Analysts expect Healthcare Triangle to announce earnings of ($3.43) per share and revenue of $10.3480 million for the quarter.

Healthcare Triangle (NASDAQ:HCTI) last released its quarterly earnings data on Thursday, May 14th. The company reported ($6.81) earnings per share (EPS) for the quarter, topping the consensus estimate of ($6.84) by $0.03. The business had revenue of $9.86 million during the quarter, compared to analysts’ expectations of $9.86 million. Healthcare Triangle had a negative net margin of 70.43% and a negative return on equity of 166.88%. On average, analysts expect Healthcare Triangle to post $-11 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Healthcare Triangle Stock Performance

NASDAQ:HCTI opened at $1.25 on Tuesday. Healthcare Triangle has a 12 month low of $1.00 and a 12 month high of $244.80. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $2.54 million, a PE ratio of -0.02 and a beta of 1.11. The business’s fifty day moving average price is $1.85 and its 200 day moving average price is $4.05.

Hedge Funds Weigh In On Healthcare Triangle

Several institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new position in shares of Healthcare Triangle in the 2nd quarter valued at approximately $69,000. Jane Street Group LLC purchased a new stake in shares of Healthcare Triangle during the second quarter worth approximately $33,000. Finally, Private Advisor Group LLC acquired a new stake in shares of Healthcare Triangle during the third quarter worth $26,000. Institutional investors and hedge funds own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HCTI. Wall Street Zen upgraded Healthcare Triangle from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Weiss Ratings restated a “sell (e+)” rating on shares of Healthcare Triangle in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Healthcare Triangle Company Profile

Healthcare Triangle, Inc (NASDAQ: HCTI) is a specialized digital transformation and cloud consulting firm focused on the healthcare industry. The company delivers a range of professional and managed services that help healthcare organizations modernize their IT infrastructure, optimize data workflows and achieve regulatory compliance.

Its core offerings include cloud architecture design and implementation, enterprise data platform development, application modernization and managed IT operations.