Streamline Health Solutions (NASDAQ:STRM) Shares Scheduled to Reverse Split on Friday, October 4th

Streamline Health Solutions, Inc. (NASDAQ:STRM) shares are set to reverse split on Friday, October 4th. The 1-15 reverse split was announced on Thursday, September 26th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, October 3rd.

Streamline Health Solutions Stock Up 4.7 %

NASDAQ:STRM opened at $0.24 on Monday. Streamline Health Solutions has a 1-year low of $0.14 and a 1-year high of $1.00. The firm has a market capitalization of $14.87 million, a price-to-earnings ratio of -0.75 and a beta of 1.62. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The business’s fifty day moving average price is $0.43 and its 200 day moving average price is $0.43.

Streamline Health Solutions (NASDAQ:STRM) last released its earnings results on Wednesday, September 11th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The business 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 44.85%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on STRM shares. StockNews.com assumed coverage on shares of Streamline Health Solutions in a research report on Monday, September 23rd. They issued a “sell” rating for the company. Craig Hallum raised Streamline Health Solutions to a “strong-buy” rating in a research report on Thursday, September 5th.

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 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 935,519 shares of the company’s stock after buying an additional 468,242 shares during the quarter. Austin Wealth Management LLC owned about 1.59% of Streamline Health Solutions worth $402,000 at the end of the most recent quarter. Institutional investors own 31.74% of the company’s stock.

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.