Streamline Health Solutions (NASDAQ:STRM) Announces Quarterly Earnings Results

Streamline Health Solutions (NASDAQ:STRM) announced its quarterly earnings data on Thursday. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.02, MarketWatch Earnings reports. Streamline Health Solutions had a negative return on equity of 31.35% and a negative net margin of 44.61%. The firm had revenue of $5.77 million for the quarter.

Streamline Health Solutions Stock Down 12.1 %

Shares of Streamline Health Solutions stock opened at $0.78 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.26. The business’s 50 day simple moving average is $1.21 and its 200-day simple moving average is $1.49. The stock has a market capitalization of $45.95 million, a price-to-earnings ratio of -3.90 and a beta of 1.27. Streamline Health Solutions has a twelve month low of $0.75 and a twelve month high of $2.35.

Institutional Trading of Streamline Health Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in STRM. Vanguard Group Inc. raised its position in shares of Streamline Health Solutions by 31.3% during the 1st quarter. Vanguard Group Inc. now owns 1,499,359 shares of the company’s stock worth $2,399,000 after purchasing an additional 357,200 shares during the period. UBS Group AG acquired a new stake in shares of Streamline Health Solutions during the 1st quarter worth approximately $610,000. Boothbay Fund Management LLC acquired a new stake in shares of Streamline Health Solutions during the 1st quarter worth approximately $333,000. Townsquare Capital LLC acquired a new stake in shares of Streamline Health Solutions during the 4th quarter worth approximately $224,000. Finally, Cetera Investment Advisers acquired a new stake in shares of Streamline Health Solutions during the 4th quarter worth approximately $63,000. 34.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Streamline Health Solutions in a research note on Wednesday. They set a “sell” rating on the stock.

About Streamline Health Solutions

Streamline Health Solutions, Inc offers health information technology solutions and associated services for hospitals and health systems in the United States and Canada. The company offers RevID, an automated revenue reconciliation software; eValuator, a coding analysis platform; data comparison engine; coding and clinical documentation improvement (CDI) solutions, including CDI, abstracting, and physician query; and financial management solutions, such as accounts receivable management, denials management, claims processing, spend management, and audit management.