HeartCore Enterprises Stock Scheduled to Reverse Split on Monday, April 6th (NASDAQ:HTCR)

Shares of HeartCore Enterprises, Inc. (NASDAQ:HTCR) are set to reverse split on Monday, April 6th. The 1-20 reverse split was announced on Wednesday, April 1st. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, April 3rd.

HeartCore Enterprises Price Performance

Shares of NASDAQ HTCR opened at $0.17 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market capitalization of $4.21 million, a PE ratio of -0.27 and a beta of 1.99. HeartCore Enterprises has a 1-year low of $0.15 and a 1-year high of $1.67. The business’s fifty day moving average price is $0.25 and its two-hundred day moving average price is $0.48.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of HeartCore Enterprises in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, HeartCore Enterprises currently has an average rating of “Reduce”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HTCR. Virtu Financial LLC increased its stake in shares of HeartCore Enterprises by 306.7% during the third quarter. Virtu Financial LLC now owns 44,829 shares of the company’s stock valued at $36,000 after acquiring an additional 33,807 shares during the period. Jane Street Group LLC raised its holdings in HeartCore Enterprises by 85.7% during the fourth quarter. Jane Street Group LLC now owns 113,176 shares of the company’s stock worth $35,000 after purchasing an additional 52,217 shares in the last quarter. XTX Topco Ltd acquired a new stake in HeartCore Enterprises in the fourth quarter worth approximately $28,000. Finally, Board of Trustees of The Leland Stanford Junior University bought a new position in HeartCore Enterprises during the 4th quarter valued at $30,000. 1.71% of the stock is currently owned by institutional investors.

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. The company also operates a digital transformation business that offers customers with robotics process automation, process mining, and task mining to accelerate the digital transformation of enterprises.