HeartCore Enterprises (NASDAQ:HTCR) Trading Down 7.3% – Time to Sell?

HeartCore Enterprises, Inc. (NASDAQ:HTCR) shares dropped 7.3% on Thursday . The stock traded as low as $3.08 and last traded at $3.16. Approximately 55,938 shares were traded during trading, an increase of 2% from the average daily volume of 55,058 shares. The stock had previously closed at $3.41.

Wall Street Analyst Weigh In

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

HeartCore Enterprises Trading Down 7.3%

The stock has a market cap of $4.01 million, a price-to-earnings ratio of -0.26 and a beta of 2.00. The firm’s 50 day moving average is $4.46 and its two-hundred day moving average is $7.97. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.07.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HTCR. Board of Trustees of The Leland Stanford Junior University bought a new position in HeartCore Enterprises in the 4th quarter worth about $30,000. XTX Topco Ltd bought a new position in shares of HeartCore Enterprises in the fourth quarter valued at approximately $28,000. Jane Street Group LLC boosted its holdings in shares of HeartCore Enterprises by 85.7% in the fourth quarter. Jane Street Group LLC now owns 113,176 shares of the company’s stock valued at $35,000 after acquiring an additional 52,217 shares in the last quarter. Finally, Virtu Financial LLC boosted its holdings in shares of HeartCore Enterprises by 306.7% in 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 in the last 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. 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.