HeartCore Enterprises (NASDAQ:HTCR) Stock Price Down 1.9% – Here’s Why

HeartCore Enterprises, Inc. (NASDAQ:HTCR)’s share price fell 1.9% on Wednesday . The stock traded as low as $2.50 and last traded at $2.63. 31,640 shares were traded during mid-day trading, a decline of 15% from the average session volume of 37,134 shares. The stock had previously closed at $2.68.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of HeartCore Enterprises in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.

HeartCore Enterprises Price Performance

The firm has a market capitalization of $3.95 million, a P/E ratio of -1.20 and a beta of 1.65. The company has a fifty day moving average of $2.94 and a 200 day moving average of $3.86. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 1.17.

HeartCore Enterprises (NASDAQ:HTCR) last released its quarterly earnings results on Friday, May 15th. The company reported ($1.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($1.46). The business had revenue of $1.25 million for the quarter, compared to analysts’ expectations of $5.50 million.

Institutional Trading of HeartCore Enterprises

A number of institutional investors have recently bought and sold shares of HTCR. XTX Topco Ltd acquired a new position in shares of HeartCore Enterprises in the 4th quarter valued at about $28,000. Board of Trustees of The Leland Stanford Junior University bought a new position in shares of HeartCore Enterprises during the 4th quarter worth approximately $30,000. Jane Street Group LLC boosted its holdings in shares of HeartCore Enterprises by 85.7% during the 4th quarter. Jane Street Group LLC now owns 113,176 shares of the company’s stock worth $35,000 after buying an additional 52,217 shares in the last quarter. Finally, Virtu Financial LLC grew its position in shares of HeartCore Enterprises by 306.7% during the 3rd quarter. Virtu Financial LLC now owns 44,829 shares of the company’s stock worth $36,000 after buying an additional 33,807 shares during the period. Institutional investors own 1.71% of the company’s stock.

About HeartCore Enterprises

HeartCore Enterprises, Inc, a software development company, provides Software as a Service solutions to enterprise customers in Japan and internationally. Its customer experience management platform includes marketing, sales, service, and content management systems, as well as other tools and integrations, which enable companies to enhance the customer experience and drive engagement. The company also operates a digital transformation business that offers customers with robotics process automation, process mining, and task mining to accelerate the digital transformation of enterprises.