Streamline Health Solutions (NASDAQ:STRM) Stock Price Passes Above Two Hundred Day Moving Average of $1.72


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Shares of Streamline Health Solutions, Inc. (NASDAQ:STRM) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.72 and traded as high as $2.08. Streamline Health Solutions shares last traded at $1.99, with a volume of 107,085 shares traded.

The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.94 and a current ratio of 0.94. The firm’s 50-day moving average is $2.01 and its two-hundred day moving average is $1.72. The stock has a market cap of $67.13 million, a P/E ratio of -51.50 and a beta of 0.77.

In related news, major shareholder Global Healthcare Fun Tamarack acquired 625,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 2nd. The stock was purchased at an average price of $1.60 per share, for a total transaction of $1,000,000.00. Following the transaction, the insider now directly owns 4,223,334 shares of the company’s stock, valued at approximately $6,757,334.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 36.13% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC increased its position in shares of Streamline Health Solutions by 7.7% in the 4th quarter. Renaissance Technologies LLC now owns 352,107 shares of the company’s stock valued at $549,000 after buying an additional 25,228 shares in the last quarter. Perkins Capital Management Inc. increased its position in shares of Streamline Health Solutions by 39.7% in the 4th quarter. Perkins Capital Management Inc. now owns 605,850 shares of the company’s stock valued at $945,000 after buying an additional 172,100 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Streamline Health Solutions by 59.4% in the 3rd quarter. Acadian Asset Management LLC now owns 23,622 shares of the company’s stock valued at $37,000 after buying an additional 8,802 shares in the last quarter. Institutional investors own 43.70% of the company’s stock.

Streamline Health Solutions Company Profile (NASDAQ:STRM)

Streamline Health Solutions, Inc provides health information technology solutions and associated services for hospitals and health systems in the United States and Canada. It provides computer software-based solutions and auditing services, which captures, aggregates, and translates structured and unstructured data to deliver predictive insights.

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