Healthcare Triangle (HCTI) to Post Quarterly Earnings on Thursday

Healthcare Triangle (NASDAQ:HCTI) is projected to issue its results before the market opens on Thursday, August 13th. Analysts expect Healthcare Triangle to announce earnings of ($3.43) per share and revenue of $10.3480 million for the quarter.

Healthcare Triangle (NASDAQ:HCTI) last posted its earnings results on Thursday, May 14th. The company reported ($6.81) earnings per share (EPS) for the quarter, topping the consensus estimate of ($6.84) by $0.03. The company had revenue of $9.86 million for the quarter, compared to analysts’ expectations of $9.86 million. Healthcare Triangle had a negative return on equity of 166.88% and a negative net margin of 70.43%. On average, analysts expect Healthcare Triangle to post $-11 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Healthcare Triangle Trading Up 1.6%

HCTI opened at $1.27 on Wednesday. Healthcare Triangle has a one year low of $1.00 and a one year high of $244.80. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.90 and a quick ratio of 0.90. The business has a 50 day simple moving average of $1.83 and a two-hundred day simple moving average of $3.89. The firm has a market capitalization of $2.58 million, a price-to-earnings ratio of -0.02 and a beta of 1.11.

Institutional Trading of Healthcare Triangle

A number of hedge funds and other institutional investors have recently modified their holdings of HCTI. XTX Topco Ltd bought a new position in shares of Healthcare Triangle in the 2nd quarter worth about $69,000. Jane Street Group LLC bought a new stake in Healthcare Triangle during the second quarter worth about $33,000. Finally, Private Advisor Group LLC purchased a new stake in Healthcare Triangle in the third quarter worth about $26,000. 0.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on HCTI shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Healthcare Triangle in a research note on Friday, July 17th. Wall Street Zen raised Healthcare Triangle from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average 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.