Streamline Health Solutions (NASDAQ:STRM) Coverage Initiated by Analysts at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Streamline Health Solutions (NASDAQ:STRM) in a research report issued on Friday. The brokerage set a “sell” rating on the stock.

Streamline Health Solutions Trading Up 1.7 %

NASDAQ STRM opened at $0.50 on Friday. The stock has a market cap of $31.17 million, a PE ratio of -1.57 and a beta of 1.60. Streamline Health Solutions has a 12 month low of $0.21 and a 12 month high of $1.44. The company’s 50-day moving average price is $0.40 and its 200-day moving average price is $0.43. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62.

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

Institutional Trading of Streamline Health Solutions

Hedge funds have recently added to or reduced their stakes in the business. Austin Wealth Management LLC purchased a new stake in shares of Streamline Health Solutions in the 3rd quarter worth approximately $453,000. Vanguard Group Inc. increased its holdings in shares of Streamline Health Solutions by 1.6% during the third quarter. Vanguard Group Inc. now owns 1,688,305 shares of the company’s stock valued at $1,633,000 after acquiring an additional 26,201 shares in the last quarter. Perkins Capital Management Inc. raised its position in shares of Streamline Health Solutions by 33.7% in the 4th quarter. Perkins Capital Management Inc. now owns 1,999,405 shares of the company’s stock valued at $850,000 after purchasing an additional 504,000 shares during the last quarter. Cerity Partners LLC acquired a new stake in Streamline Health Solutions in the 4th quarter worth approximately $128,000. Finally, Nicholas Hoffman & Company LLC. grew its position in Streamline Health Solutions by 10.9% during the 4th 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 hedge funds and other institutional investors.

Streamline Health Solutions Company Profile

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.