Streamline Health Solutions (NASDAQ:STRM) Stock Price Passes Above 200 Day Moving Average of $0.42

Shares of Streamline Health Solutions, Inc. (NASDAQ:STRM) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.42 and traded as high as $0.55. Streamline Health Solutions shares last traded at $0.51, with a volume of 55,091 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Streamline Health Solutions in a report on Thursday. They set a “sell” rating on the stock.

Streamline Health Solutions Stock Down 1.2 %

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 firm has a market capitalization of $31.38 million, a P/E ratio of -1.58 and a beta of 1.58. The stock has a fifty day moving average price of $0.39 and a two-hundred day moving average price of $0.42.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Perkins Capital Management Inc. boosted its position in Streamline Health Solutions by 33.7% during the 4th quarter. Perkins Capital Management Inc. now owns 1,999,405 shares of the company’s stock worth $850,000 after acquiring an additional 504,000 shares during the period. Austin Wealth Management LLC boosted its position in Streamline Health Solutions by 100.2% during the 4th quarter. Austin Wealth Management LLC now owns 935,519 shares of the company’s stock worth $402,000 after acquiring an additional 468,242 shares during the period. Cerity Partners LLC acquired a new position in Streamline Health Solutions during the 4th quarter worth $128,000. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Streamline Health Solutions in the first quarter valued at $59,000. Finally, Nicholas Hoffman & Company LLC. lifted its holdings in shares of Streamline Health Solutions by 10.9% in the fourth quarter. Nicholas Hoffman & Company LLC. now owns 740,983 shares of the company’s stock valued at $315,000 after buying an additional 72,993 shares during the period. 31.74% of the stock is currently 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.