HeartCore Enterprises (NASDAQ:HTCR) Issues Earnings Results

HeartCore Enterprises (NASDAQ:HTCR) posted its quarterly earnings results on Friday. The company reported ($1.49) earnings per share (EPS) for the quarter, FiscalAI reports. HeartCore Enterprises had a negative net margin of 67.96% and a negative return on equity of 130.76%. The firm had revenue of $1.25 million for the quarter.

HeartCore Enterprises Stock Down 3.3%

Shares of NASDAQ HTCR traded down $0.09 on Friday, hitting $2.66. The company had a trading volume of 37,826 shares, compared to its average volume of 72,102. HeartCore Enterprises has a 12-month low of $2.64 and a 12-month high of $33.40. The business has a 50 day moving average of $3.83 and a two-hundred day moving average of $6.70. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $3.38 million, a P/E ratio of -0.22 and a beta of 1.56.

Institutional Investors Weigh In On HeartCore Enterprises

Several institutional investors and hedge funds have recently modified their holdings of HTCR. Virtu Financial LLC boosted its position in shares of HeartCore Enterprises by 306.7% in the third quarter. Virtu Financial LLC now owns 44,829 shares of the company’s stock worth $36,000 after buying an additional 33,807 shares during the period. Jane Street Group LLC lifted its stake in shares of HeartCore Enterprises by 85.7% in the fourth quarter. Jane Street Group LLC now owns 113,176 shares of the company’s stock worth $35,000 after acquiring an additional 52,217 shares in the last quarter. Board of Trustees of The Leland Stanford Junior University acquired a new position in shares of HeartCore Enterprises in the fourth quarter worth about $30,000. Finally, XTX Topco Ltd acquired a new position in shares of HeartCore Enterprises in the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 1.71% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded HeartCore Enterprises from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

HeartCore Enterprises Company Profile

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.