Streamline Health Solutions (NASDAQ:STRM) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Streamline Health Solutions (NASDAQ:STRMGet Rating) in a research report report published on Saturday morning. The firm issued a sell rating on the stock.

Several other equities research analysts have also recently issued reports on the company. Lake Street Capital initiated coverage on Streamline Health Solutions in a report on Friday, May 20th. They issued a buy rating and a $3.00 price objective on the stock. TheStreet cut Streamline Health Solutions from a c- rating to a d+ rating in a report on Friday, June 10th.

Streamline Health Solutions Price Performance

NASDAQ:STRM opened at $1.57 on Friday. Streamline Health Solutions has a 52 week low of $1.04 and a 52 week high of $1.88. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $76.62 million, a PE ratio of -6.83 and a beta of 0.79. The stock’s 50-day moving average price is $1.55 and its 200-day moving average price is $1.44.

Streamline Health Solutions (NASDAQ:STRMGet Rating) last posted its earnings results on Wednesday, September 7th. The company reported ($0.07) EPS for the quarter, meeting analysts’ consensus estimates of ($0.07). Streamline Health Solutions had a negative return on equity of 31.61% and a negative net margin of 44.28%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Prudential Financial Inc. purchased a new position in Streamline Health Solutions in the 2nd quarter worth approximately $31,000. HighTower Advisors LLC lifted its stake in Streamline Health Solutions by 46.2% in the 1st quarter. HighTower Advisors LLC now owns 95,050 shares of the company’s stock worth $152,000 after purchasing an additional 30,050 shares in the last quarter. Nicholas Hoffman & Company LLC. lifted its stake in Streamline Health Solutions by 118.5% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 184,378 shares of the company’s stock worth $295,000 after purchasing an additional 100,000 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Streamline Health Solutions by 31.3% in the 1st quarter. Vanguard Group Inc. now owns 1,499,359 shares of the company’s stock worth $2,399,000 after purchasing an additional 357,200 shares in the last quarter. 34.61% of the stock is owned by hedge funds and other institutional investors.

About Streamline Health Solutions

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Streamline Health Solutions, Inc offers health information technology solutions and associated services for hospitals and health systems in the United States and Canada. It provides computer software-based solutions, professional consulting, and auditing and coding services, which capture, aggregate, and translate structured and unstructured data to deliver predictive insights.

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