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

StockNews.com initiated coverage on shares of Streamline Health Solutions (NASDAQ:STRMFree Report) in a research note issued to investors on Saturday. The firm issued a sell rating on the stock.

Streamline Health Solutions Stock Performance

Shares of Streamline Health Solutions stock opened at $0.32 on Friday. The firm’s 50 day simple moving average is $0.41 and its two-hundred day simple moving average is $0.40. Streamline Health Solutions has a 12-month low of $0.21 and a 12-month high of $1.62. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.65 and a current ratio of 0.65.

Hedge Funds Weigh In On Streamline Health Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mesirow Financial Investment Management Inc. acquired a new position in shares of Streamline Health Solutions in the first quarter valued at about $59,000. Cerity Partners LLC purchased a new stake in Streamline Health Solutions in the fourth quarter valued at approximately $128,000. Austin Wealth Management LLC acquired a new position in Streamline Health Solutions in the 3rd quarter worth approximately $453,000. Nicholas Hoffman & Company LLC. raised its position in Streamline Health Solutions by 10.9% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 740,983 shares of the company’s stock worth $315,000 after buying an additional 72,993 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Streamline Health Solutions by 1.6% during the 3rd 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 period. Hedge funds and other institutional investors own 31.74% of the company’s stock.

Streamline Health Solutions Company Profile

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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. 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.

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