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

Streamline Health Solutions, Inc. (NASDAQ:STRM) shares are going to reverse split on the morning of 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 closing bell on Thursday, October 3rd.

Streamline Health Solutions Stock Performance

Shares of NASDAQ STRM opened at $0.24 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. The company has a market cap of $14.87 million, a PE ratio of -0.75 and a beta of 1.62. The company has a 50-day simple moving average of $0.43 and a 200-day simple moving average of $0.43. Streamline Health Solutions has a 12 month low of $0.14 and a 12 month high of $1.00.

Streamline Health Solutions (NASDAQ:STRM) last announced its earnings results on Wednesday, September 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). The firm had revenue of $4.48 million for the quarter. Streamline Health Solutions had a negative return on equity of 44.85% and a negative net margin of 92.72%.

Analysts Set New Price Targets

STRM has been the subject of several analyst reports. StockNews.com began coverage on Streamline Health Solutions in a research note on Monday, September 23rd. They issued a “sell” rating for the company. Craig Hallum raised shares of Streamline Health Solutions to a “strong-buy” rating in a research note on Thursday, September 5th.

Hedge Funds Weigh In On Streamline Health Solutions

An institutional investor recently bought a new position in Streamline Health Solutions stock. Mesirow Financial Investment Management Inc. bought a new stake in Streamline Health Solutions, Inc. (NASDAQ:STRM) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 123,900 shares of the company’s stock, valued at approximately $59,000. Mesirow Financial Investment Management Inc. owned about 0.21% of Streamline Health Solutions at the end of the most recent quarter. 31.74% of the stock is currently 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.