Healthcare Triangle (NASDAQ:HCTI) Shares Down 5.3% – Here’s Why

Healthcare Triangle, Inc. (NASDAQ:HCTIGet Free Report)’s share price was down 5.3% during mid-day trading on Tuesday . The company traded as low as $0.55 and last traded at $0.58. Approximately 97,996 shares were traded during trading, a decline of 81% from the average daily volume of 527,774 shares. The stock had previously closed at $0.61.

Healthcare Triangle Stock Performance

The firm’s fifty day simple moving average is $0.87 and its 200 day simple moving average is $0.76. The stock has a market capitalization of $3.27 million, a P/E ratio of -0.26 and a beta of -0.02.

Healthcare Triangle Company Profile

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Healthcare Triangle, Inc, a healthcare information technology company, focuses on developing solutions in the sectors of cloud services, data science, and professional and managed services for the electronic health record, and healthcare and life sciences industry. It provides a suite of software, solutions, platforms, and services that enables healthcare and pharma organizations to deliver personalized healthcare, precision medicine, advances in drug discovery, development and efficacy, collaborative research and development, respond to evidence, and accelerate their digital transformation.

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