HeartCore Enterprises (NASDAQ:HTCR) Stock Falls 2% – Time to Sell?

HeartCore Enterprises, Inc. (NASDAQ:HTCR)’s stock price fell 2% during trading on Monday. The company traded as low as $1.4170 and last traded at $1.45. 2,427 shares were traded during mid-day trading, a decline of 94% from the average session volume of 37,643 shares. The stock had previously closed at $1.48.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of HeartCore Enterprises in a report on Monday, October 19th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, HeartCore Enterprises presently has an average rating of “Sell”.

HeartCore Enterprises Trading Down 3.7%

The firm’s fifty day moving average price is $1.87 and its 200 day moving average price is $3.27. The stock has a market capitalization of $1.98 million, a price-to-earnings ratio of -0.31 and a beta of 1.71.

HeartCore Enterprises (NASDAQ:HTCR) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($1.45) earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($1.85). HeartCore Enterprises had a negative return on equity of 138.90% and a net margin of 15.42%. The company had revenue of $0.32 million for the quarter, compared to analysts’ expectations of $6.20 million.

About HeartCore Enterprises

HeartCore Enterprises, Inc is a Japan-based enterprise software and consulting company that helps organizations manage digital content, streamline business processes and support digital transformation initiatives. The company serves businesses seeking to modernize their customer-facing and internal operations through software and related professional services.

Its product portfolio includes the HeartCore content management system, which is designed to help companies create, manage and publish digital content across websites and other channels.