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

Shares of Healthcare Triangle, Inc. (NASDAQ:HCTI) are set to reverse split on the morning of 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%

Healthcare Triangle stock traded down $0.04 during trading hours on Thursday, hitting $0.38. The stock had a trading volume of 271,279 shares, compared to its average volume of 1,044,245. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.11. The stock has a market cap of $6.71 million, a price-to-earnings ratio of -0.01 and a beta of 1.09. Healthcare Triangle has a one year low of $0.36 and a one year high of $188.40. The business’s 50 day simple moving average is $0.72 and its 200-day simple moving average is $1.58.

Healthcare Triangle (NASDAQ:HCTI) last posted its earnings results on Thursday, August 13th. The company reported ($1.56) EPS for the quarter, beating the consensus estimate of ($3.43) by $1.87. The firm had revenue of $0.01 million during the quarter, compared to the consensus estimate of $10.35 million. Healthcare Triangle had a negative return on equity of 125.45% and a negative net margin of 66.85%. On average, equities analysts predict that Healthcare Triangle will post -10.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HCTI has been the topic of several recent research reports. Wall Street Zen upgraded shares of Healthcare Triangle to a “hold” rating in a research report on Saturday, October 10th. Weiss Ratings restated a “sell (e+)” rating on shares of Healthcare Triangle in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Healthcare Triangle has a consensus rating of “Sell”.

About Healthcare Triangle

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.