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

Stock analysts at StockNews.com assumed coverage on shares of Streamline Health Solutions (NASDAQ:STRM) in a note issued to investors on Wednesday. The firm set a “sell” rating on the stock.

Streamline Health Solutions Stock Performance

NASDAQ STRM opened at $0.50 on Wednesday. Streamline Health Solutions has a 52-week low of $0.21 and a 52-week high of $1.46. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $31.02 million, a P/E ratio of -1.56 and a beta of 1.58. The company has a fifty day moving average of $0.37 and a 200-day moving average of $0.42.

Streamline Health Solutions (NASDAQ:STRM) last posted its quarterly earnings data on Monday, April 29th. The company reported ($0.02) earnings per share (EPS) for the quarter. Streamline Health Solutions had a negative return on equity of 35.69% and a negative net margin of 85.83%. The company had revenue of $5.36 million for the quarter.

Institutional Trading of Streamline Health Solutions

Several hedge funds have recently added to or reduced their stakes in STRM. Austin Wealth Management LLC bought a new stake in Streamline Health Solutions in the third quarter worth $453,000. Vanguard Group Inc. lifted its stake in Streamline Health Solutions by 1.6% in the third quarter. Vanguard Group Inc. now owns 1,688,305 shares of the company’s stock worth $1,633,000 after purchasing an additional 26,201 shares during the last quarter. Perkins Capital Management Inc. lifted its stake in Streamline Health Solutions by 33.7% in the fourth quarter. Perkins Capital Management Inc. now owns 1,999,405 shares of the company’s stock worth $850,000 after purchasing an additional 504,000 shares during the last quarter. Cerity Partners LLC bought a new stake in Streamline Health Solutions in the fourth quarter worth $128,000. Finally, Nicholas Hoffman & Company LLC. lifted its stake in Streamline Health Solutions by 10.9% in the fourth quarter. Nicholas Hoffman & Company LLC. now owns 740,983 shares of the company’s stock worth $315,000 after purchasing an additional 72,993 shares during the last quarter. 31.74% of the stock is owned by institutional investors.

About Streamline Health Solutions

Streamline Health Solutions, Inc offers health information technology solutions and associated services for hospitals and health systems in the United States and Canada. The company offers RevID, an automated revenue reconciliation software; eValuator, a coding analysis platform; data comparison engine; coding and clinical documentation improvement (CDI) solutions, including CDI, abstracting, and physician query; and financial management solutions, such as accounts receivable management, denials management, claims processing, spend management, and audit management.