Healthcare Triangle (NASDAQ:HCTI) Shares Set to Reverse Split on Monday, October 26th

Healthcare Triangle, Inc. (NASDAQ:HCTI)’s stock is scheduled to reverse split before the market opens on Monday, October 26th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, October 25th.

Healthcare Triangle Trading Down 8.8%

Healthcare Triangle stock traded down $0.04 during mid-day trading on Thursday, reaching $0.38. The stock had a trading volume of 271,279 shares, compared to its average volume of 1,781,233. Healthcare Triangle has a fifty-two week low of $0.36 and a fifty-two week high of $188.40. The stock’s 50-day simple moving average is $0.72 and its 200-day simple moving average is $1.58. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.11.

Healthcare Triangle (NASDAQ:HCTI) last issued its earnings results on Thursday, August 13th. The company reported ($1.56) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($3.43) by $1.87. Healthcare Triangle had a negative return on equity of 125.45% and a negative net margin of 66.85%. The company had revenue of $0.01 million for the quarter, compared to analysts’ expectations of $10.35 million. Equities research analysts forecast that Healthcare Triangle will post -10.23 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on HCTI shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Healthcare Triangle in a research note on Thursday, October 15th. Wall Street Zen upgraded shares of Healthcare Triangle to a “hold” rating in a report on Saturday, October 10th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Healthcare Triangle presently has an average rating of “Sell”.

Healthcare Triangle Company Profile

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.