Healthcare Triangle (HCTI) Set to Release Quarterly Earnings on Thursday

Healthcare Triangle (NASDAQ:HCTI) is expected to be releasing its results before the market opens on Thursday, November 12th. Analysts expect the company to post earnings of ($19.40) per share and revenue of $9.65 million for the quarter.

Healthcare Triangle (NASDAQ:HCTI) last released its earnings results on Thursday, August 13th. The company reported ($31.20) EPS for the quarter, beating the consensus estimate of ($68.60) by $37.40. Healthcare Triangle had a negative return on equity of 125.45% and a negative net margin of 66.85%. The company had revenue of $0.01 million during the quarter, compared to analysts’ expectations of $10.35 million. On average, analysts expect Healthcare Triangle to post ($204.60) EPS for the current fiscal year and ($63.60) EPS for the next fiscal year.

Healthcare Triangle Stock Up 14.1%

HCTI stock opened at $4.22 on Tuesday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.11. The firm has a 50 day simple moving average of $11.17 and a 200-day simple moving average of $57.60. The company has a market capitalization of $3.76 million, a P/E ratio of -0.13 and a beta of 1.18. Healthcare Triangle has a twelve month low of $3.51 and a twelve month high of $3,390.00.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Healthcare Triangle in a research note on Thursday, October 15th. Wall Street Zen raised shares of Healthcare Triangle to a “hold” rating in a research report on Saturday, October 10th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Healthcare Triangle currently has an average rating of “Sell”.

Healthcare Triangle Company Profile

Healthcare Triangle, Inc (NASDAQ:HCTI) provides information technology and digital transformation services for the healthcare and life sciences industries. The company helps organizations modernize their technology environments, manage data, and support secure, compliant operations.

Its offerings include cloud services, data and analytics solutions, interoperability and application modernization, cybersecurity, managed services, and professional consulting. Healthcare Triangle also develops technology solutions intended to support electronic health record environments, clinical and business workflows, and the use of artificial intelligence and other advanced analytics in healthcare.

The company serves healthcare providers, payers, pharmaceutical and biotechnology companies, and other life sciences organizations.