HeartCore Enterprises (NASDAQ:HTCR) Issues Quarterly Earnings Results

HeartCore Enterprises (NASDAQ:HTCR) announced its quarterly earnings results on Thursday. The company reported ($1.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($1.85), FiscalAI reports. The business had revenue of ($0.69) million during the quarter, compared to the consensus estimate of $6.20 million.

HeartCore Enterprises Price Performance

HTCR traded down $0.23 during trading on Thursday, reaching $2.46. The stock had a trading volume of 27,519 shares, compared to its average volume of 35,065. The stock has a 50 day moving average of $2.87 and a two-hundred day moving average of $3.75. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $3.54 million, a price-to-earnings ratio of -1.07 and a beta of 1.65. HeartCore Enterprises has a 1-year low of $2.01 and a 1-year high of $33.40.

Institutional Trading of HeartCore Enterprises

A number of hedge funds and other institutional investors have recently modified their holdings of HTCR. Virtu Financial LLC lifted its holdings in shares of HeartCore Enterprises by 306.7% in the third quarter. Virtu Financial LLC now owns 44,829 shares of the company’s stock valued at $36,000 after buying an additional 33,807 shares during the period. Jane Street Group LLC boosted its position in shares of HeartCore Enterprises by 85.7% during the 4th quarter. Jane Street Group LLC now owns 113,176 shares of the company’s stock valued at $35,000 after purchasing an additional 52,217 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of HeartCore Enterprises in the 4th quarter worth approximately $28,000. Institutional investors own 1.71% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of HeartCore Enterprises in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

About HeartCore Enterprises

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. The company also operates a digital transformation business that offers customers with robotics process automation, process mining, and task mining to accelerate the digital transformation of enterprises.