Streamline Health Solutions (NASDAQ:STRM) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Posted by Caroline Horne on Oct 18th, 2024

Streamline Health Solutions, Inc. (NASDAQ:STRM – Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.54 and traded as high as $2.58. Streamline Health Solutions shares last traded at $2.43, with a volume of 24,647 shares.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on STRM shares. Craig Hallum raised Streamline Health Solutions to a “strong-buy” rating in a research report on Thursday, September 5th. StockNews.com began coverage on Streamline Health Solutions in a research note on Thursday. They issued a “sell” rating for the company.

View Our Latest Stock Report on Streamline Health Solutions

Streamline Health Solutions Stock Performance

The firm has a 50 day moving average of $0.82 and a two-hundred day moving average of $0.56. The stock has a market cap of $140.19 million, a PE ratio of -7.06 and a beta of 1.60. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61.

Streamline Health Solutions (NASDAQ:STRM – Get Free Report) last posted its earnings results 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 return on equity of 44.85% and a negative net margin of 92.72%. The business had revenue of $4.48 million for the quarter.

Streamline Health Solutions Company Profile

(Get Free Report)

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.