HeartCore Enterprises (NASDAQ:HTCR) Releases Earnings Results, Misses Estimates By $0.10 EPS

HeartCore Enterprises (NASDAQ:HTCR) released its quarterly earnings data on Tuesday. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.10), Zacks reports. HeartCore Enterprises had a positive return on equity of 141.93% and a negative net margin of 0.62%.

HeartCore Enterprises Price Performance

HeartCore Enterprises stock opened at $0.62 on Tuesday. The company has a market capitalization of $14.34 million, a price-to-earnings ratio of -61.46 and a beta of 1.91. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.52. HeartCore Enterprises has a 12 month low of $0.39 and a 12 month high of $3.38. The stock’s 50 day moving average is $0.84 and its 200-day moving average is $0.68.

HeartCore Enterprises Announces Dividend

The company also recently disclosed a special dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 10th were issued a dividend of $0.13 per share. The ex-dividend date was Monday, November 10th.

Institutional Trading of HeartCore Enterprises

A hedge fund recently raised its stake in HeartCore Enterprises stock. Virtu Financial LLC lifted its holdings in shares of HeartCore Enterprises, Inc. (NASDAQ:HTCR) by 306.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,829 shares of the company’s stock after purchasing an additional 33,807 shares during the quarter. Virtu Financial LLC owned 0.19% of HeartCore Enterprises worth $36,000 as of its most recent SEC filing. Institutional investors own 1.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HTCR. Zacks Research cut HeartCore Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Wall Street Zen upgraded HeartCore Enterprises to a “hold” rating in a research note on Saturday, October 25th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of HeartCore Enterprises in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

HeartCore Enterprises Company Profile

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.