HeartCore Enterprises (NASDAQ:HTCR) Shares Down 1.9% – Here’s Why

HeartCore Enterprises, Inc. (NASDAQ:HTCR)’s stock price traded down 1.9% during trading on Wednesday . The company traded as low as $2.50 and last traded at $2.63. Approximately 31,640 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 37,134 shares. The stock had previously closed at $2.68.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of HeartCore Enterprises in a report on Tuesday, July 21st. One 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, the stock presently has a consensus rating of “Reduce”.

HeartCore Enterprises Stock Performance

The business’s fifty day moving average price is $2.96 and its two-hundred day moving average price is $3.89. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $3.79 million, a P/E ratio of -1.15 and a beta of 1.65.

HeartCore Enterprises (NASDAQ:HTCR) last announced its quarterly earnings results on Friday, May 15th. The company reported ($1.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($1.46). The company had revenue of $1.25 million for the quarter, compared to analysts’ expectations of $5.50 million.

Institutional Investors Weigh In On HeartCore Enterprises

Several institutional investors have recently modified their holdings of HTCR. XTX Topco Ltd purchased a new position in shares of HeartCore Enterprises in the 4th quarter worth approximately $28,000. Board of Trustees of The Leland Stanford Junior University purchased a new stake in HeartCore Enterprises during the 4th quarter valued at $30,000. Jane Street Group LLC lifted its position in HeartCore Enterprises by 85.7% in the fourth quarter. Jane Street Group LLC now owns 113,176 shares of the company’s stock worth $35,000 after buying an additional 52,217 shares during the last quarter. Finally, Virtu Financial LLC boosted its stake in HeartCore Enterprises by 306.7% during the third quarter. Virtu Financial LLC now owns 44,829 shares of the company’s stock worth $36,000 after buying an additional 33,807 shares during the period. 1.71% of the stock is 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.