Healthcare Triangle (NASDAQ:HCTI) Shares Set to Reverse Split on Tuesday, February 10th

Healthcare Triangle, Inc. (NASDAQ:HCTI)’s stock is going to reverse split on the morning of Tuesday, February 10th. The 1-60 reverse split was announced on Friday, February 6th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, February 9th.

Healthcare Triangle Price Performance

Shares of NASDAQ HCTI traded down $0.06 during mid-day trading on Friday, reaching $0.15. 18,056,822 shares of the company’s stock traded hands, compared to its average volume of 20,582,994. The business has a 50-day simple moving average of $1.05 and a 200 day simple moving average of $2.56. The stock has a market cap of $905,154.00, a P/E ratio of 0.00 and a beta of 0.91. Healthcare Triangle has a 1-year low of $0.15 and a 1-year high of $218.12.

Healthcare Triangle (NASDAQ:HCTI) last posted its earnings results on Thursday, November 13th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.20). The firm had revenue of $3.49 million for the quarter.

Analysts Set New Price Targets

Several brokerages recently issued reports on HCTI. Wall Street Zen cut Healthcare Triangle from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Healthcare Triangle in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Trading of Healthcare Triangle

Several hedge funds have recently added to or reduced their stakes in HCTI. Private Advisor Group LLC bought a new position in shares of Healthcare Triangle during the 3rd quarter valued at approximately $26,000. Jane Street Group LLC purchased a new position in Healthcare Triangle in the second quarter valued at approximately $33,000. Finally, XTX Topco Ltd bought a new position in Healthcare Triangle during the second quarter valued at $69,000. Institutional investors own 0.33% of the company’s stock.

Healthcare Triangle Company Profile

Healthcare Triangle, Inc (NASDAQ: HCTI) is a specialized digital transformation and cloud consulting firm focused on the healthcare industry. The company delivers a range of professional and managed services that help healthcare organizations modernize their IT infrastructure, optimize data workflows and achieve regulatory compliance.

Its core offerings include cloud architecture design and implementation, enterprise data platform development, application modernization and managed IT operations.