Healthcare Triangle (NASDAQ:HCTI) Shares Scheduled to Reverse Split on Monday, October 26th

Healthcare Triangle, Inc. (NASDAQ:HCTI) shares are going to reverse split before the market opens on Monday, October 26th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, October 25th.

Healthcare Triangle Trading Down 8.8%

Healthcare Triangle stock traded down $0.04 during mid-day trading on Thursday, hitting $0.38. 271,279 shares of the stock were exchanged, compared to its average volume of 1,044,245. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.11. Healthcare Triangle has a 12 month low of $0.36 and a 12 month high of $188.40. The firm’s fifty day simple moving average is $0.72 and its two-hundred day simple moving average is $1.58. The stock has a market capitalization of $6.71 million, a price-to-earnings ratio of -0.01 and a beta of 1.09.

Healthcare Triangle (NASDAQ:HCTI) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($1.56) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($3.43) by $1.87. The firm had revenue of $0.01 million for the quarter, compared to the consensus estimate of $10.35 million. Healthcare Triangle had a negative net margin of 66.85% and a negative return on equity of 125.45%. Analysts forecast that Healthcare Triangle will post -10.23 EPS for the current year.

Wall Street Analyst Weigh In

HCTI has been the subject of a number of analyst reports. Wall Street Zen raised shares of Healthcare Triangle to a “hold” rating in a research note on Saturday, October 10th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Healthcare Triangle in a research report on Thursday, October 15th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Healthcare Triangle Company Profile

Healthcare Triangle, Inc (NASDAQ:HCTI) is a healthcare information technology company that helps healthcare providers and life sciences organizations modernize their technology infrastructure and use data more effectively. Its services support digital transformation, cloud adoption, data management, analytics, and the integration of clinical and administrative systems.

The company provides cloud and managed services, data and analytics solutions, artificial intelligence capabilities, cybersecurity support, and technology consulting.