Healthcare Triangle (NASDAQ:HCTI) Releases Quarterly Earnings Results, Beats Estimates By $20.61 EPS

Healthcare Triangle (NASDAQ:HCTI) released its quarterly earnings results on Friday. The company reported $1.21 EPS for the quarter, beating the consensus estimate of ($19.40) by $20.61, FiscalAI reports. The firm had revenue of $9.12 million for the quarter, compared to analyst estimates of $9.65 million. Healthcare Triangle had a negative net margin of 66.85% and a negative return on equity of 125.45%.

Healthcare Triangle Stock Performance

HCTI stock traded down $0.18 on Friday, hitting $3.56. The company’s stock had a trading volume of 19,087 shares, compared to its average volume of 56,879. Healthcare Triangle has a 1 year low of $3.50 and a 1 year high of $3,096.00. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.11. The stock has a market cap of $3.17 million, a price-to-earnings ratio of -0.01 and a beta of 1.18. The firm has a 50 day moving average of $10.43 and a two-hundred day moving average of $51.80.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Healthcare Triangle in a report on Thursday, October 15th. Wall Street Zen upgraded 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Healthcare Triangle

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.