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StockNews.com Initiates Coverage on Streamline Health Solutions (NASDAQ:STRM)

Defense World ·  Sep 26, 2022 02:21

Investment analysts at StockNews.com started coverage on shares of Streamline Health Solutions (NASDAQ:STRM – Get Rating) in a research report issued to clients and investors on Monday. The brokerage set a "sell" rating on the stock.

Separately, TheStreet cut Streamline Health Solutions from a "c-" rating to a "d+" rating in a report on Friday, June 10th.

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Streamline Health Solutions Stock Down 3.4 %

Shares of NASDAQ STRM opened at $1.15 on Monday. Streamline Health Solutions has a one year low of $1.04 and a one year high of $1.88. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.76 and a quick ratio of 0.76. The business's fifty day moving average price is $1.55 and its 200-day moving average price is $1.43. The stock has a market capitalization of $56.11 million, a PE ratio of -5.00 and a beta of 0.79.

Streamline Health Solutions (NASDAQ:STRM – Get Rating) last issued its quarterly earnings data on Wednesday, September 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.07). Streamline Health Solutions had a negative return on equity of 32.74% and a negative net margin of 44.28%.

Institutional Trading of Streamline Health Solutions

Institutional investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. bought a new position in Streamline Health Solutions in the 2nd quarter worth about $31,000. HighTower Advisors LLC increased its stake in Streamline Health Solutions by 46.2% in the 1st quarter. HighTower Advisors LLC now owns 95,050 shares of the company's stock worth $152,000 after acquiring an additional 30,050 shares during the last quarter. Nicholas Hoffman & Company LLC. increased its stake in Streamline Health Solutions by 118.5% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 184,378 shares of the company's stock worth $295,000 after acquiring an additional 100,000 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Streamline Health Solutions by 31.3% in the 1st quarter. Vanguard Group Inc. now owns 1,499,359 shares of the company's stock worth $2,399,000 after acquiring an additional 357,200 shares during the last quarter. Hedge funds and other institutional investors own 34.61% of the company's stock.

About Streamline Health Solutions

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Streamline Health Solutions, Inc offers health information technology solutions and associated services for hospitals and health systems in the United States and Canada. It provides computer software-based solutions, professional consulting, and auditing and coding services, which capture, aggregate, and translate structured and unstructured data to deliver predictive insights.

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