Healthcare Triangle (NASDAQ:HCTI) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Healthcare Triangle (NASDAQ:HCTI) to a hold rating in a research report released on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Healthcare Triangle in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has an average rating of “Sell”.

Healthcare Triangle Price Performance

HCTI opened at $0.48 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.60 and a quick ratio of 0.60. The stock’s 50 day simple moving average is $0.87 and its 200 day simple moving average is $1.74. The firm has a market cap of $7.24 million, a price-to-earnings ratio of -0.01 and a beta of 1.09. Healthcare Triangle has a 1 year low of $0.46 and a 1 year high of $188.40.

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

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.