Healthcare Triangle (NASDAQ:HCTI) Issues Quarterly Earnings Results, Beats Expectations By $20.61 EPS

Healthcare Triangle (NASDAQ:HCTI) announced its quarterly earnings results on Friday. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($19.40) by $20.61, FiscalAI reports. Healthcare Triangle had a negative return on equity of 125.45% and a negative net margin of 66.85%. The firm had revenue of $9.12 million during the quarter, compared to the consensus estimate of $9.65 million.

Healthcare Triangle Stock Performance

Shares of NASDAQ:HCTI traded down $0.08 during trading on Friday, reaching $3.66. The company had a trading volume of 19,087 shares, compared to its average volume of 95,734. The firm has a market capitalization of $3.26 million, a price-to-earnings ratio of -0.01 and a beta of 1.18. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.60 and a quick ratio of 0.60. The stock’s fifty day moving average price is $10.16 and its 200 day moving average price is $50.18. Healthcare Triangle has a fifty-two week low of $3.50 and a fifty-two week high of $3,096.00.

Analyst Ratings Changes

A number of research firms have commented on HCTI. Wall Street Zen upgraded shares of Healthcare Triangle to a “hold” rating in a research note on Saturday, October 10th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Healthcare Triangle in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has an average rating of “Sell”.

About Healthcare Triangle

Healthcare Triangle, Inc. provides technology and consulting services to healthcare and life sciences organizations. Its work includes helping clients modernize cloud systems, manage and analyze data, connect disparate health information systems, and address cybersecurity and regulatory-compliance needs. The company offers solutions under the CloudEz, DataEz and InteropX names, covering cloud services, data management and interoperability. It also provides implementation, consulting and ongoing technology support.