Zacks Research Downgrades HeartCore Enterprises (NASDAQ:HTCR) to Hold

HeartCore Enterprises (NASDAQ:HTCR) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of HeartCore Enterprises in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, HeartCore Enterprises presently has an average rating of “Reduce”.

HeartCore Enterprises Stock Performance

Shares of HeartCore Enterprises stock opened at $0.83 on Monday. HeartCore Enterprises has a 52 week low of $0.39 and a 52 week high of $3.38. The business’s fifty day simple moving average is $0.87 and its 200-day simple moving average is $0.66. The firm has a market cap of $19.35 million, a PE ratio of -82.92 and a beta of 1.91. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.52.

HeartCore Enterprises (NASDAQ:HTCR) last announced its quarterly earnings results on Wednesday, August 13th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.12. HeartCore Enterprises had a positive return on equity of 141.93% and a negative net margin of 0.62%.The business had revenue of $4.70 million for the quarter, compared to analyst estimates of $5.27 million. Equities analysts forecast that HeartCore Enterprises will post 0.39 earnings per share for the current year.

Hedge Funds Weigh In On HeartCore Enterprises

A hedge fund recently bought a new stake in HeartCore Enterprises stock. Cambridge Investment Research Advisors Inc. bought a new position in shares of HeartCore Enterprises, Inc. (NASDAQ:HTCR) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 157,179 shares of the company’s stock, valued at approximately $118,000. Cambridge Investment Research Advisors Inc. owned approximately 0.71% of HeartCore Enterprises at the end of the most recent quarter. Institutional investors own 1.71% of the company’s stock.

About HeartCore Enterprises

HeartCore Enterprises, Inc, a software development company, provides Software as a Service solutions to enterprise customers in Japan and internationally. Its customer experience management platform includes marketing, sales, service, and content management systems, as well as other tools and integrations, which enable companies to enhance the customer experience and drive engagement.