Healthcare Triangle (NASDAQ:HCTI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Healthcare Triangle (NASDAQ:HCTI) to a hold rating in a report issued on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Healthcare Triangle in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Healthcare Triangle Stock Performance

Shares of Healthcare Triangle stock opened at $0.43 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market cap of $6.46 million, a price-to-earnings ratio of -0.01 and a beta of 1.09. The stock’s 50-day moving average is $0.86 and its 200-day moving average is $1.71. Healthcare Triangle has a one year low of $0.41 and a one year high of $188.40.

Healthcare Triangle (NASDAQ:HCTI) last posted its quarterly earnings data 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 business had revenue of $0.01 million during the quarter, compared to the consensus estimate of $10.35 million. Equities analysts predict that Healthcare Triangle will post -10.23 earnings per share for the current fiscal year.

About Healthcare Triangle

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.