HeartCore Enterprises (NASDAQ:HTCR) Issues Earnings Results, Misses Estimates By $0.10 EPS

HeartCore Enterprises (NASDAQ:HTCR) released its quarterly earnings data on Tuesday. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.10), Zacks reports. The business had revenue of $2.99 million during the quarter, compared to the consensus estimate of $6.90 million. HeartCore Enterprises had a negative net margin of 0.62% and a positive return on equity of 141.93%.

HeartCore Enterprises Stock Down 18.7%

HeartCore Enterprises stock opened at $0.50 on Wednesday. HeartCore Enterprises has a one year low of $0.39 and a one year high of $3.38. The stock has a fifty day moving average of $0.83 and a 200 day moving average of $0.68. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $11.66 million, a PE ratio of -49.95 and a beta of 1.91.

HeartCore Enterprises Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 10th were given a dividend of $0.13 per share. The ex-dividend date was Monday, November 10th.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HTCR. Zacks Research cut HeartCore Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Wall Street Zen raised HeartCore Enterprises to a “hold” rating in a research report on Saturday, October 25th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of HeartCore Enterprises in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Institutional Investors Weigh In On HeartCore Enterprises

A hedge fund recently raised its position in HeartCore Enterprises stock. Virtu Financial LLC boosted its stake in shares of HeartCore Enterprises, Inc. (NASDAQ:HTCR) by 306.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,829 shares of the company’s stock after purchasing an additional 33,807 shares during the period. Virtu Financial LLC owned about 0.19% of HeartCore Enterprises worth $36,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 1.71% of the company’s stock.

HeartCore Enterprises Company Profile

HeartCore Enterprises, Inc, a software development company, provides Software as a Service solutions to enterprise customers in Japan and internationally. Its customer experience management platform includes marketing, sales, service, and content management systems, as well as other tools and integrations, which enable companies to enhance the customer experience and drive engagement.