HeartCore Enterprises (NASDAQ:HTCR) Stock Price Down 3.4% – Here’s What Happened

HeartCore Enterprises, Inc. (NASDAQ:HTCR) shares fell 3.4% during trading on Thursday . The company traded as low as $2.24 and last traded at $2.29. Approximately 3,466 shares were traded during mid-day trading, a decline of 83% from the average session volume of 20,234 shares. The stock had previously closed at $2.37.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of HeartCore Enterprises in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

HeartCore Enterprises Stock Down 12.7%

The company’s fifty day moving average price is $2.63 and its two-hundred day moving average price is $3.43. The company has a market cap of $3.04 million, a price-to-earnings ratio of -0.48 and a beta of 1.65.

HeartCore Enterprises (NASDAQ:HTCR) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($1.45) EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($1.85). HeartCore Enterprises had a net margin of 15.42% and a negative return on equity of 138.90%. The firm had revenue of ($0.69) million during the quarter, compared to the consensus estimate of $6.20 million.

Institutional Trading of HeartCore Enterprises

Institutional investors have recently made changes to their positions in the business. XTX Topco Ltd bought a new position in HeartCore Enterprises in the fourth quarter valued at $28,000. Board of Trustees of The Leland Stanford Junior University acquired a new position in shares of HeartCore Enterprises during the 4th quarter worth about $30,000. Jane Street Group LLC grew its holdings in shares of HeartCore Enterprises by 85.7% in the 4th quarter. Jane Street Group LLC now owns 113,176 shares of the company’s stock valued at $35,000 after acquiring an additional 52,217 shares in the last quarter. Finally, Virtu Financial LLC grew its holdings in shares of HeartCore Enterprises by 306.7% in the 3rd quarter. Virtu Financial LLC now owns 44,829 shares of the company’s stock valued at $36,000 after acquiring an additional 33,807 shares in the last quarter. Institutional investors own 1.71% of the company’s stock.

About HeartCore Enterprises

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. The company also operates a digital transformation business that offers customers with robotics process automation, process mining, and task mining to accelerate the digital transformation of enterprises.