Healthcare Triangle (HCTI) Expected to Post Quarterly Earnings on Thursday

Healthcare Triangle (NASDAQ:HCTI) is expected to be releasing its results before the market opens on Thursday, November 12th. Analysts expect the company to post earnings of ($19.40) per share and revenue of $9.65 million for the quarter.

Healthcare Triangle (NASDAQ:HCTI) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($31.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($68.60) by $37.40. Healthcare Triangle had a negative net margin of 66.85% and a negative return on equity of 125.45%. The business had revenue of $0.01 million for the quarter, compared to analysts’ expectations of $10.35 million. On average, analysts expect Healthcare Triangle to post ($204.60) EPS for the current fiscal year and ($63.60) EPS for the next fiscal year.

Healthcare Triangle Price Performance

Shares of NASDAQ HCTI opened at $4.22 on Tuesday. Healthcare Triangle has a fifty-two week low of $3.51 and a fifty-two week high of $3,390.00. The company has a 50 day simple moving average of $11.17 and a two-hundred day simple moving average of $57.60. The company has a market capitalization of $3.76 million, a price-to-earnings ratio of -0.13 and a beta of 1.18. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.60 and a current ratio of 0.60.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Healthcare Triangle in a research note on Thursday, October 15th. Wall Street Zen raised Healthcare Triangle to a “hold” rating in a research report on Saturday, October 10th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has an average rating of “Sell”.

Healthcare Triangle Company Profile

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.

The company serves healthcare providers, payers, pharmaceutical and biotechnology companies, and other life sciences organizations.