Harte Hanks (NASDAQ:HHS) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of Harte Hanks, Inc. (NASDAQ:HHS) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.65 and traded as high as $4.03. Harte Hanks shares last traded at $3.97, with a volume of 238,313 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Harte Hanks in a research note on Monday, July 6th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Harte Hanks presently has an average rating of “Sell”.

Harte Hanks Price Performance

The firm has a market capitalization of $30.88 million, a PE ratio of -5.45 and a beta of -0.03. The company’s fifty day simple moving average is $2.60 and its 200 day simple moving average is $2.66.

Harte Hanks (NASDAQ:HHS) last announced its quarterly earnings results on Friday, August 14th. The business services provider reported ($0.67) earnings per share for the quarter. The company had revenue of $37.98 million for the quarter. Harte Hanks had a negative net margin of 3.70% and a negative return on equity of 30.14%.

Hedge Funds Weigh In On Harte Hanks

Several institutional investors have recently made changes to their positions in the business. State Street Corp lifted its holdings in shares of Harte Hanks by 41.0% in the fourth quarter. State Street Corp now owns 26,497 shares of the business services provider’s stock worth $80,000 after buying an additional 7,700 shares in the last quarter. Westerly Capital Management LLC raised its holdings in shares of Harte Hanks by 1.3% during the 4th quarter. Westerly Capital Management LLC now owns 627,000 shares of the business services provider’s stock worth $1,887,000 after acquiring an additional 8,000 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in Harte Hanks in the first quarter worth $49,000. DRW Securities LLC bought a new position in Harte Hanks during the fourth quarter valued at $38,000. Finally, Raffles Associates LP lifted its holdings in shares of Harte Hanks by 26.5% in the 4th quarter. Raffles Associates LP now owns 87,755 shares of the business services provider’s stock valued at $264,000 after acquiring an additional 18,391 shares during the last quarter. Institutional investors own 33.75% of the company’s stock.

Harte Hanks Company Profile

Harte-Hanks, Inc engages in the provision of marketing solutions. It specializes in consulting, data analytics, creative services, digital and social media, marketing strategy, marketing technology, and other related services. It supports a range of customers in the field of technology, travel and leisure, entertainment, pharmaceuticals, automotive, finance, and retail. The company was founded in 1923 and is headquartered in San Antonio, TX.