Healthcare Triangle (HCTI) Expected to Announce Quarterly Earnings on Thursday

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

Healthcare Triangle (NASDAQ:HCTI) last issued its earnings results on Thursday, August 13th. The company reported ($31.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($68.60) by $37.40. The company had revenue of $0.01 million for the quarter, compared to analysts’ expectations of $10.35 million. Healthcare Triangle had a negative net margin of 66.85% and a negative return on equity of 125.45%. 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%

Shares of NASDAQ:HCTI opened at $4.22 on Tuesday. The company’s fifty day moving average is $11.17 and its two-hundred day moving average is $57.60. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.60 and a current ratio of 0.60. Healthcare Triangle has a 1-year low of $3.51 and a 1-year high of $3,390.00. The stock has a market capitalization of $3.76 million, a price-to-earnings ratio of -0.13 and a beta of 1.18.

Analysts Set New Price Targets

Several research firms have recently commented on HCTI. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Healthcare Triangle in a report on Thursday, October 15th. Wall Street Zen upgraded shares of Healthcare Triangle to a “hold” rating in a research note on Saturday, October 10th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, Healthcare Triangle currently has a consensus 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.