Helios and Matheson Analytics (HMNY) Shares Down 9.5%

Helios and Matheson Analytics Inc (NASDAQ:HMNY)’s share price dropped 9.5% during trading on Wednesday . The stock traded as low as $0.24 and last traded at $0.19. Approximately 844,940 shares traded hands during trading, a decline of 97% from the average daily volume of 25,720,892 shares. The stock had previously closed at $0.21.

HMNY has been the subject of several analyst reports. Maxim Group restated a “buy” rating and set a $12.00 target price on shares of Helios and Matheson Analytics in a research report on Wednesday, April 25th. Canaccord Genuity dropped their price target on Helios and Matheson Analytics from $15.00 to $12.00 and set a “sell” rating for the company in a report on Tuesday, April 24th.

The company has a debt-to-equity ratio of -0.23, a current ratio of 0.39 and a quick ratio of 0.39.

Helios and Matheson Analytics (NASDAQ:HMNY) last released its quarterly earnings results on Wednesday, May 16th. The information technology services provider reported ($1.23) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($3.08) by $1.85. Helios and Matheson Analytics had a negative return on equity of 2,850.78% and a negative net margin of 229.45%. The firm had revenue of $49.44 million during the quarter.

Hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in Helios and Matheson Analytics during the 4th quarter valued at $155,000. J. Goldman & Co LP acquired a new stake in Helios and Matheson Analytics during the 4th quarter valued at $460,000. CVI Holdings LLC acquired a new stake in Helios and Matheson Analytics during the 1st quarter valued at $3,361,000. Millennium Management LLC acquired a new stake in Helios and Matheson Analytics during the 4th quarter valued at $989,000. Finally, Hudson Bay Capital Management LP acquired a new stake in Helios and Matheson Analytics during the 4th quarter valued at $674,000. 8.08% of the stock is owned by hedge funds and other institutional investors.

Helios and Matheson Analytics Company Profile

Helios and Matheson Analytics Inc provides a range of information technology (IT) solutions to Fortune 1000 companies and other organizations in the United States. The company's services include application value management, application development, integration, independent validation, infrastructure, information management, and analytics services.

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