Healthcare Triangle (NASDAQ:HCTI) Releases Quarterly Earnings Results, Beats Estimates By $1.87 EPS

Healthcare Triangle (NASDAQ:HCTI) posted its earnings results on Thursday. The company reported ($1.56) EPS for the quarter, beating analysts’ consensus estimates of ($3.43) by $1.87, Zacks reports. Healthcare Triangle had a negative net margin of 70.43% and a negative return on equity of 166.88%.

Healthcare Triangle Stock Performance

Shares of NASDAQ:HCTI traded up $0.50 on Thursday, reaching $1.74. The company’s stock had a trading volume of 44,927,244 shares, compared to its average volume of 219,659. Healthcare Triangle has a 52-week low of $1.00 and a 52-week high of $244.80. The stock’s 50-day moving average is $1.79 and its two-hundred day moving average is $3.62. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.90 and a quick ratio of 0.90.

Hedge Funds Weigh In On Healthcare Triangle

A number of large investors have recently bought and sold shares of the company. Private Advisor Group LLC purchased a new stake in Healthcare Triangle during the third quarter worth about $26,000. Jane Street Group LLC purchased a new stake in shares of Healthcare Triangle in the second quarter valued at $33,000. Finally, XTX Topco Ltd purchased a new position in Healthcare Triangle in the 2nd quarter valued at about $69,000. Hedge funds and other institutional investors own 0.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HCTI shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Healthcare Triangle in a research report on Friday, July 17th. Wall Street Zen raised Healthcare Triangle from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Healthcare Triangle currently has a consensus rating of “Sell”.

About Healthcare Triangle

Healthcare Triangle, Inc (NASDAQ: HCTI) is a specialized digital transformation and cloud consulting firm focused on the healthcare industry. The company delivers a range of professional and managed services that help healthcare organizations modernize their IT infrastructure, optimize data workflows and achieve regulatory compliance.

Its core offerings include cloud architecture design and implementation, enterprise data platform development, application modernization and managed IT operations.