Healthcare Triangle (NASDAQ:HCTI) Stock Price Down 5%

Shares of Healthcare Triangle, Inc. (NASDAQ:HCTI) fell 5% during mid-day trading on Wednesday . The stock traded as low as $1.32 and last traded at $1.32. 42,855 shares were traded during trading, a decline of 61% from the average session volume of 110,530 shares. The stock had previously closed at $1.39.

Healthcare Triangle Stock Performance

The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 1.65. The firm has a market capitalization of $6.53 million, a price-to-earnings ratio of -0.48 and a beta of 0.99. The company has a 50-day moving average of $2.01 and a 200-day moving average of $2.89.

Healthcare Triangle (NASDAQ:HCTI) last issued its quarterly earnings data on Monday, March 18th. The company reported ($1.26) EPS for the quarter. The company had revenue of $7.06 million for the quarter. Healthcare Triangle had a negative return on equity of 205.49% and a negative net margin of 37.16%.

About Healthcare Triangle

Healthcare Triangle, Inc, a healthcare information technology company, focuses on developing solutions in the sectors of cloud services, data science, and professional and managed services for the electronic health record, and healthcare and life sciences industry. It provides a suite of software, solutions, platforms, and services that enables healthcare and pharma organizations to deliver personalized healthcare, precision medicine, advances in drug discovery, development and efficacy, collaborative research and development, respond to evidence, and accelerate their digital transformation.