Streamline Health Solutions Stock Set to Reverse Split on Friday, October 4th (NASDAQ:STRM)

Shares of Streamline Health Solutions, Inc. (NASDAQ:STRM) are going to reverse split on the morning of Friday, October 4th. The 1-15 reverse split was announced on Thursday, September 26th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, October 3rd.

Streamline Health Solutions Stock Performance

STRM opened at $0.23 on Wednesday. Streamline Health Solutions has a 52-week low of $0.14 and a 52-week high of $1.00. The firm has a market capitalization of $13.96 million, a PE ratio of -0.70 and a beta of 1.62. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. The business’s 50-day simple moving average is $0.42 and its 200 day simple moving average is $0.43.

Streamline Health Solutions (NASDAQ:STRM) last released its earnings results on Wednesday, September 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.01). Streamline Health Solutions had a negative return on equity of 44.85% and a negative net margin of 92.72%. The company had revenue of $4.48 million for the quarter.

Wall Street Analyst Weigh In

STRM has been the topic of several analyst reports. StockNews.com initiated coverage on Streamline Health Solutions in a report on Tuesday. They set a “sell” rating on the stock. Craig Hallum upgraded Streamline Health Solutions to a “strong-buy” rating in a research note on Thursday, September 5th.

Institutional Trading of Streamline Health Solutions

A hedge fund recently raised its stake in Streamline Health Solutions stock. Austin Wealth Management LLC lifted its position in shares of Streamline Health Solutions, Inc. (NASDAQ:STRM) by 100.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 935,519 shares of the company’s stock after purchasing an additional 468,242 shares during the period. Austin Wealth Management LLC owned 1.59% of Streamline Health Solutions worth $402,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 31.74% of the company’s stock.

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.