Health In Tech (NASDAQ:HIT) Issues Earnings Results, Misses Estimates By $0.03 EPS

Health In Tech (NASDAQ:HIT) released its earnings results on Thursday. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03), Zacks reports.

Health In Tech Trading Down 4.3%

Shares of NASDAQ:HIT traded down $0.02 on Thursday, reaching $0.54. 65,476 shares of the company traded hands, compared to its average volume of 218,157. The stock has a market capitalization of $35.08 million, a P/E ratio of -7.65 and a beta of 3.02. The business’s 50-day simple moving average is $0.74 and its 200 day simple moving average is $1.12. Health In Tech has a 52 week low of $0.49 and a 52 week high of $2.10.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HIT. Weiss Ratings reiterated a “sell (d)” rating on shares of Health In Tech in a report on Friday, September 25th. Maxim Group reduced their price objective on Health In Tech from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $3.50.

About Health In Tech

Health In Tech, Inc. is a U.S.-based insurance technology company that provides a digital platform for the self-funded health benefits market. Its technology is designed to connect employers, insurance brokers, third-party administrators and stop-loss carriers through a streamlined process for evaluating and administering health benefit plans. The company’s platform supports functions including plan quoting, comparison and enrollment, with the goal of simplifying interactions among participants in the employer-sponsored health insurance ecosystem.