StockNews.com Initiates Coverage on Streamline Health Solutions (NASDAQ:STRM)

StockNews.com began coverage on shares of Streamline Health Solutions (NASDAQ:STRM) in a research report report published on Tuesday. The brokerage issued a sell rating on the stock.

Separately, Craig Hallum raised Streamline Health Solutions to a strong-buy rating in a research note on Thursday, September 5th.

Streamline Health Solutions Price Performance

Shares of Streamline Health Solutions stock opened at $2.57 on Tuesday. The business has a 50 day moving average of $0.41 and a 200 day moving average of $0.42. Streamline Health Solutions has a 52 week low of $2.15 and a 52 week high of $14.10. The company has a market cap of $159.42 million, a PE ratio of -8.03 and a beta of 1.60. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66.

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

Institutional Investors Weigh In On Streamline Health Solutions

A hedge fund recently bought a new stake in Streamline Health Solutions stock. Mesirow Financial Investment Management Inc. bought a new stake in shares of Streamline Health Solutions, Inc. (NASDAQ:STRM) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 123,900 shares of the company’s stock, valued at approximately $59,000. Mesirow Financial Investment Management Inc. owned about 0.21% of Streamline Health Solutions as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 31.74% of the company’s stock.

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.