Streamline Health Solutions (NASDAQ:STRM) Earns Sell Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Streamline Health Solutions (NASDAQ:STRM) in a research note released on Sunday. The brokerage issued a sell rating on the stock.

Separately, Craig Hallum raised shares of Streamline Health Solutions to a strong-buy rating in a report on Thursday, September 5th.

Streamline Health Solutions Trading Down 11.9 %

Shares of Streamline Health Solutions stock opened at $0.22 on Friday. The firm has a market capitalization of $13.58 million, a PE ratio of -0.68 and a beta of 1.62. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. The firm’s 50 day moving average is $0.49 and its 200 day moving average is $0.45. Streamline Health Solutions has a 1 year low of $0.20 and a 1 year high of $1.02.

Streamline Health Solutions (NASDAQ:STRM) last announced its quarterly earnings results on Wednesday, September 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The company had revenue of $4.48 million for the quarter. Streamline Health Solutions had a negative net margin of 92.72% and a negative return on equity of 43.21%.

Institutional Investors Weigh In On Streamline Health Solutions

A hedge fund recently raised its stake in Streamline Health Solutions stock. Austin Wealth Management LLC boosted its holdings in shares of Streamline Health Solutions, Inc. (NASDAQ:STRM) by 100.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 935,519 shares of the company’s stock after acquiring an additional 468,242 shares during the quarter. Austin Wealth Management LLC owned 1.59% of Streamline Health Solutions worth $402,000 at the end of the most recent quarter. 31.74% of the stock is owned by institutional investors and hedge funds.

About Streamline Health Solutions

Streamline Health Solutions, Inc offers health information technology solutions and associated services for hospitals and health systems in the United States and Canada. The company offers RevID, an automated revenue reconciliation software; eValuator, a coding analysis platform; data comparison engine; coding and clinical documentation improvement (CDI) solutions, including CDI, abstracting, and physician query; and financial management solutions, such as accounts receivable management, denials management, claims processing, spend management, and audit management.