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

Stock analysts at StockNews.com began coverage on shares of Streamline Health Solutions (NASDAQ:STRM) in a report issued on Sunday. The firm set a “sell” rating on the stock.

Separately, Craig Hallum raised shares of Streamline Health Solutions to a “strong-buy” rating in a research report on Thursday, September 5th.

Streamline Health Solutions Price Performance

Shares of NASDAQ STRM opened at $0.19 on Friday. The firm’s 50-day moving average price is $0.49 and its 200-day moving average price is $0.45. Streamline Health Solutions has a 1-year low of $0.19 and a 1-year high of $1.00. The firm has a market capitalization of $12.03 million, a P/E ratio of -0.61 and a beta of 1.62. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62.

Streamline Health Solutions (NASDAQ:STRM) last announced its quarterly earnings data on Wednesday, September 11th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.01). Streamline Health Solutions had a negative net margin of 92.72% and a negative return on equity of 43.21%. 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. acquired a new position in Streamline Health Solutions, Inc. (NASDAQ:STRM) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 123,900 shares of the company’s stock, valued at approximately $59,000. Mesirow Financial Investment Management Inc. owned approximately 0.21% of Streamline Health Solutions as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other 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.