HeartCore Enterprises (NASDAQ:HTCR) Shares Down 10.1% – Should You Sell?

Shares of HeartCore Enterprises, Inc. (NASDAQ:HTCR) were down 10.1% during trading on Thursday . The stock traded as low as $0.2546 and last traded at $0.2699. Approximately 764,898 shares were traded during trading, a decline of 42% from the average daily volume of 1,308,376 shares. The stock had previously closed at $0.3001.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of HeartCore Enterprises in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce”.

HeartCore Enterprises Stock Down 10.1%

The company has a 50 day moving average price of $0.29 and a two-hundred day moving average price of $0.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market cap of $6.86 million, a PE ratio of -0.44 and a beta of 1.97.

Hedge Funds Weigh In On HeartCore Enterprises

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Board of Trustees of The Leland Stanford Junior University bought a new position in HeartCore Enterprises in the fourth quarter worth approximately $30,000. XTX Topco Ltd bought a new stake in shares of HeartCore Enterprises during the 4th quarter valued at $28,000. Jane Street Group LLC increased its stake in shares of HeartCore Enterprises by 85.7% in the 4th quarter. Jane Street Group LLC now owns 113,176 shares of the company’s stock worth $35,000 after purchasing an additional 52,217 shares in the last quarter. Finally, Virtu Financial LLC raised its holdings in HeartCore Enterprises by 306.7% in the 3rd quarter. Virtu Financial LLC now owns 44,829 shares of the company’s stock worth $36,000 after purchasing an additional 33,807 shares during the period. Institutional investors own 1.71% of the company’s stock.

About HeartCore Enterprises

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.