StockNews.com Begins Coverage on Streamline Health Solutions (NASDAQ:STRM)

StockNews.com began coverage on shares of Streamline Health Solutions (NASDAQ:STRMGet Rating) in a report released on Monday. The firm issued a sell rating on the stock.

Streamline Health Solutions Price Performance

Streamline Health Solutions stock opened at $1.97 on Monday. Streamline Health Solutions has a 12 month low of $1.04 and a 12 month high of $2.01. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.33. The business’s 50 day simple moving average is $1.48 and its 200 day simple moving average is $1.44. The company has a market cap of $96.12 million, a price-to-earnings ratio of -8.57 and a beta of 1.09.

Streamline Health Solutions (NASDAQ:STRMGet Rating) last posted its quarterly earnings data on Wednesday, September 7th. The company reported ($0.07) EPS for the quarter. Streamline Health Solutions had a negative net margin of 44.28% and a negative return on equity of 32.74%. The firm had revenue of $5.99 million during the quarter.

Insider Buying and Selling at Streamline Health Solutions

In other Streamline Health Solutions news, Director Kenan Lucas bought 757,575 shares of the stock in a transaction on Wednesday, October 26th. The shares were acquired at an average price of $1.32 per share, with a total value of $999,999.00. Following the acquisition, the director now directly owns 4,824,212 shares of the company’s stock, valued at approximately $6,367,959.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 27.34% of the company’s stock.

Institutional Investors Weigh In On Streamline Health Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the business. Prudential Financial Inc. bought a new stake in Streamline Health Solutions during the 2nd quarter valued at $31,000. Thompson Davis & CO. Inc. bought a new stake in Streamline Health Solutions during the 3rd quarter valued at $38,000. HighTower Advisors LLC increased its holdings in shares of Streamline Health Solutions by 46.2% in the first quarter. HighTower Advisors LLC now owns 95,050 shares of the company’s stock worth $152,000 after purchasing an additional 30,050 shares during the period. Nicholas Hoffman & Company LLC. increased its holdings in shares of Streamline Health Solutions by 118.5% in the first quarter. Nicholas Hoffman & Company LLC. now owns 184,378 shares of the company’s stock worth $295,000 after purchasing an additional 100,000 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Streamline Health Solutions by 31.3% in the first quarter. Vanguard Group Inc. now owns 1,499,359 shares of the company’s stock worth $2,399,000 after purchasing an additional 357,200 shares during the period. Institutional investors own 34.61% of the company’s stock.

Streamline Health Solutions Company Profile

(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.

Read More

Receive News & Ratings for Streamline Health Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Streamline Health Solutions and related companies with MarketBeat.com's FREE daily email newsletter.