Streamline Health Solutions (NASDAQ:STRM) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Streamline Health Solutions (NASDAQ:STRM) in a research report sent to investors on Tuesday morning. The brokerage issued a sell rating on the stock.

Streamline Health Solutions Stock Performance

Shares of STRM traded down $0.02 during mid-day trading on Tuesday, hitting $0.47. 16,130 shares of the company’s stock were exchanged, compared to its average volume of 79,420. Streamline Health Solutions has a 52 week low of $0.21 and a 52 week high of $1.30. The stock’s 50-day simple moving average is $0.49 and its 200-day simple moving average is $0.44. The firm has a market cap of $29.15 million, a price-to-earnings ratio of -1.47 and a beta of 1.60. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.62.

Streamline Health Solutions (NASDAQ:STRM) last announced its earnings results on Tuesday, June 11th. The company reported ($0.05) 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 business had revenue of $4.33 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in STRM. Vanguard Group Inc. increased 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 valued at $1,633,000 after acquiring an additional 26,201 shares during the last quarter. Cerity Partners LLC bought a new position in Streamline Health Solutions in the fourth quarter valued at approximately $128,000. Nicholas Hoffman & Company LLC. increased 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 valued at $315,000 after acquiring an additional 72,993 shares during the last quarter. Austin Wealth Management LLC increased its stake in Streamline Health Solutions by 100.2% in the fourth quarter. Austin Wealth Management LLC now owns 935,519 shares of the company’s stock valued at $402,000 after acquiring an additional 468,242 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. bought a new position in Streamline Health Solutions in the first quarter valued at approximately $59,000. 31.74% of the stock is owned by 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.