Health In Tech (NASDAQ:HIT) Shares Down 0% – Here’s What Happened

Health In Tech, Inc. (NASDAQ:HIT) traded down 0% on Friday . The company traded as low as $0.61 and last traded at $0.63. 59,190 shares changed hands during trading, a decline of 96% from the average session volume of 1,400,806 shares. The stock had previously closed at $0.63.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Health In Tech from a “strong-buy” rating to a “buy” rating in a report on Saturday.

Health In Tech Price Performance

The stock’s 50-day simple moving average is $0.66.

Health In Tech (NASDAQ:HIT) last posted its earnings results on Monday, April 14th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm had revenue of $8.02 million for the quarter, compared to analyst estimates of $6.87 million.

Institutional Trading of Health In Tech

Several hedge funds have recently modified their holdings of HIT. Cubist Systematic Strategies LLC acquired a new position in shares of Health In Tech in the 1st quarter worth approximately $41,000. Arete Wealth Advisors LLC acquired a new stake in Health In Tech during the 1st quarter valued at $47,000. Jane Street Group LLC bought a new position in Health In Tech in the 1st quarter valued at $48,000. Finally, XTX Topco Ltd acquired a new position in Health In Tech in the first quarter worth $59,000.

Health In Tech Company Profile

Health in Tech, Inc engages in the provision of insurance technology platforms which offer a marketplace of processes in the healthcare industry. Its services include Stone Mountain Risk, eDIYBS, HI Card, HI Performance Network, and Ancillary Products. The company was founded by Tim Johnson in 2014 and is headquartered in Stuart, FL.