Healthcare Triangle (NASDAQ:HCTI) Issues Earnings Results, Beats Expectations By $20.61 EPS

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

Healthcare Triangle Price Performance

HCTI traded down $0.18 during midday trading on Friday, reaching $3.56. 19,087 shares of the company’s stock were exchanged, 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 stock has a market capitalization of $3.17 million, a PE ratio of -0.01 and a beta of 1.18. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.60 and a quick ratio of 0.60. The business’s 50-day moving average price is $10.43 and its 200 day moving average price is $51.80.

Analyst Upgrades and Downgrades

HCTI has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Healthcare Triangle in a research report on Thursday, October 15th. Wall Street Zen upgraded Healthcare Triangle to a “hold” rating in a report on Saturday, October 10th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Healthcare Triangle Company Profile

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.