Streamline Health Solutions (NASDAQ:STRM) Releases Quarterly Earnings Results

Streamline Health Solutions (NASDAQ:STRM) announced its earnings results on Monday. The company reported ($0.61) earnings per share for the quarter, Zacks reports. Streamline Health Solutions had a negative return on equity of 44.85% and a negative net margin of 92.72%.

Streamline Health Solutions Price Performance

Shares of STRM traded down $0.11 during trading hours on Monday, reaching $3.39. 121,979 shares of the company’s stock traded hands, compared to its average volume of 19,442. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. Streamline Health Solutions has a 12 month low of $1.85 and a 12 month high of $9.75. The stock has a market cap of $14.32 million, a PE ratio of -0.71 and a beta of 1.67. The firm’s 50 day simple moving average is $2.65 and its 200-day simple moving average is $5.19.

Analyst Upgrades and Downgrades

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

About Streamline Health Solutions

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.