TruBridge (NASDAQ:TBRG) Receives “Sell (E+)” Rating from Weiss Ratings

Weiss Ratings restated their sell (e+) rating on shares of TruBridge (NASDAQ:TBRGFree Report) in a report issued on Friday,Weiss Ratings reports.

TruBridge Price Performance

Shares of NASDAQ TBRG opened at $19.22 on Friday. The stock’s 50-day moving average is $20.18 and its two-hundred day moving average is $22.10. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.80 and a quick ratio of 1.79. TruBridge has a 1-year low of $12.65 and a 1-year high of $32.00. The company has a market cap of $288.49 million, a price-to-earnings ratio of -22.88 and a beta of 0.57.

Institutional Investors Weigh In On TruBridge

Several large investors have recently bought and sold shares of the stock. Legal & General Group Plc purchased a new stake in TruBridge during the 2nd quarter worth about $26,000. First Horizon Corp acquired a new position in shares of TruBridge during the 3rd quarter worth about $42,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of TruBridge during the 2nd quarter worth about $59,000. AlphaQuest LLC boosted its position in shares of TruBridge by 88.7% during the 1st quarter. AlphaQuest LLC now owns 6,325 shares of the company’s stock worth $174,000 after acquiring an additional 2,974 shares in the last quarter. Finally, Strs Ohio boosted its position in shares of TruBridge by 14.8% during the 3rd quarter. Strs Ohio now owns 25,600 shares of the company’s stock worth $516,000 after acquiring an additional 3,300 shares in the last quarter. Hedge funds and other institutional investors own 88.64% of the company’s stock.

About TruBridge

(Get Free Report)

TruBridge, Inc provides healthcare solutions and services for community hospitals, clinics, and other healthcare systems in the United States and internationally. The company operates in three segments: Revenue Cycle Management (RCM), Electronic Health Record (HER), and Patient Engagement. It focuses on providing RCM solutions for care settings, regardless of primary healthcare information solutions provider along with business management, consulting, managed IT services, and analytics and business intelligence.

Recommended Stories

Receive News & Ratings for TruBridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TruBridge and related companies with MarketBeat.com's FREE daily email newsletter.