Healthcare Triangle (NASDAQ:HCTI) Announces Quarterly Earnings Results, Beats Expectations By $20.61 EPS

Healthcare Triangle (NASDAQ:HCTI) posted its quarterly earnings results on Friday. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of ($19.40) by $20.61, FiscalAI reports. The business had revenue of $9.12 million for the quarter, compared to analyst estimates of $9.65 million. Healthcare Triangle had a negative return on equity of 125.45% and a negative net margin of 66.85%.

Healthcare Triangle Stock Performance

HCTI traded down $0.08 during midday trading on Friday, reaching $3.66. The company had a trading volume of 19,087 shares, compared to its average volume of 56,879. The company has a market cap of $3.26 million, a P/E ratio of -0.01 and a beta of 1.18. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average of $10.43 and a two-hundred day moving average of $51.80. Healthcare Triangle has a 1 year low of $3.50 and a 1 year high of $3,096.00.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HCTI. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Healthcare Triangle in a research note on Thursday, October 15th. Wall Street Zen raised Healthcare Triangle to a “hold” rating in a research note on Saturday, October 10th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently 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.