Streamline Health Solutions, Inc. (NASDAQ:STRM – Get Rating) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 25,200 shares, a decrease of 38.1% from the April 30th total of 40,700 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 44,000 shares, the short-interest ratio is presently 0.6 days.
Several brokerages have recently issued reports on STRM. Lake Street Capital began coverage on Streamline Health Solutions in a research note on Friday, May 20th. They set a “buy” rating and a $3.00 price target on the stock. StockNews.com began coverage on Streamline Health Solutions in a research note on Saturday, May 21st. They set a “sell” rating on the stock. Colliers Securities reaffirmed a “buy” rating on shares of Streamline Health Solutions in a research note on Tuesday, March 22nd. Finally, TheStreet raised Streamline Health Solutions from a “d+” rating to a “c-” rating in a research note on Friday, April 29th.
Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Streamline Health Solutions by 31.3% in the 1st quarter. Vanguard Group Inc. now owns 1,499,359 shares of the company’s stock valued at $2,399,000 after purchasing an additional 357,200 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of Streamline Health Solutions by 46.2% in the 1st quarter. HighTower Advisors LLC now owns 95,050 shares of the company’s stock valued at $152,000 after purchasing an additional 30,050 shares during the period. Nicholas Hoffman & Company LLC. raised its stake in Streamline Health Solutions by 118.5% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 184,378 shares of the company’s stock worth $295,000 after buying an additional 100,000 shares during the period. Herald Investment Management Ltd raised its stake in shares of Streamline Health Solutions by 26.3% in the third quarter. Herald Investment Management Ltd now owns 600,000 shares of the company’s stock worth $1,044,000 after purchasing an additional 125,000 shares during the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of Streamline Health Solutions in the second quarter worth approximately $145,000. 40.83% of the stock is owned by institutional investors and hedge funds.
NASDAQ:STRM opened at $1.26 on Friday. Streamline Health Solutions has a 1-year low of $1.13 and a 1-year high of $2.29. The business’s 50-day moving average price is $1.44 and its two-hundred day moving average price is $1.44. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $60.61 million, a price-to-earnings ratio of -7.88 and a beta of 0.77.
Streamline Health Solutions (NASDAQ:STRM – Get Rating) last released its quarterly earnings results on Wednesday, April 27th. The company reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of ($0.06). The company had revenue of $6.05 million for the quarter. Streamline Health Solutions had a negative return on equity of 21.43% and a negative net margin of 37.64%. During the same period in the prior year, the business earned ($0.05) EPS.
About Streamline Health Solutions (Get Rating)
Streamline Health Solutions, Inc offers health information technology solutions and associated services for hospitals and health systems in the United States and Canada. It provides computer software-based solutions, professional consulting, and auditing and coding services, which capture, aggregate, and translate structured and unstructured data to deliver predictive insights.
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