StockNews.com Initiates Coverage on Streamline Health Solutions (NASDAQ:STRM)

StockNews.com initiated coverage on shares of Streamline Health Solutions (NASDAQ:STRM) in a research report sent to investors on Thursday morning. The firm issued a sell rating on the stock.

Streamline Health Solutions Price Performance

STRM stock opened at $0.46 on Thursday. The company has a 50 day simple moving average of $0.39 and a 200 day simple moving average of $0.43. The stock has a market cap of $28.58 million, a price-to-earnings ratio of -1.44 and a beta of 1.58. Streamline Health Solutions has a 1 year low of $0.21 and a 1 year high of $1.44. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.76 and a quick ratio of 0.76.

Streamline Health Solutions (NASDAQ:STRM) last announced its quarterly earnings results on Monday, April 29th. The company reported ($0.02) earnings per share (EPS) for the quarter. Streamline Health Solutions had a negative net margin of 85.83% and a negative return on equity of 35.69%. The business had revenue of $5.36 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Perkins Capital Management Inc. grew its holdings in shares of Streamline Health Solutions by 33.7% during the fourth quarter. Perkins Capital Management Inc. now owns 1,999,405 shares of the company’s stock valued at $850,000 after buying an additional 504,000 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Streamline Health Solutions by 1.6% during the third quarter. Vanguard Group Inc. now owns 1,688,305 shares of the company’s stock valued at $1,633,000 after purchasing an additional 26,201 shares in the last quarter. Austin Wealth Management LLC lifted its position in shares of Streamline Health Solutions by 100.2% during the fourth quarter. Austin Wealth Management LLC now owns 935,519 shares of the company’s stock valued at $402,000 after purchasing an additional 468,242 shares in the last quarter. Nicholas Hoffman & Company LLC. lifted its position in shares of Streamline Health Solutions by 10.9% during the fourth quarter. Nicholas Hoffman & Company LLC. now owns 740,983 shares of the company’s stock valued at $315,000 after purchasing an additional 72,993 shares in the last quarter. Finally, Cerity Partners LLC bought a new position in shares of Streamline Health Solutions during the fourth quarter valued at about $128,000. 31.74% of the stock is currently owned by institutional investors and hedge funds.

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.