Helios and Matheson Analytics (HMNY) Sets New 12-Month Low at $0.24

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Helios and Matheson Analytics Inc (NASDAQ:HMNY) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $0.24 and last traded at $0.25, with a volume of 669137 shares trading hands. The stock had previously closed at $0.29.

Several research analysts have commented on HMNY shares. Maxim Group lowered their price objective on shares of Helios and Matheson Analytics from $25.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Canaccord Genuity lowered their price objective on shares of Helios and Matheson Analytics from $15.00 to $12.00 and set a “sell” rating for the company in a research report on Tuesday, April 24th.

The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of -0.23.

Helios and Matheson Analytics (NASDAQ:HMNY) last announced its quarterly earnings results on Wednesday, May 16th. The information technology services provider reported ($1.23) earnings per share for the quarter, beating the consensus estimate of ($3.08) by $1.85. The firm had revenue of $49.44 million for the quarter. Helios and Matheson Analytics had a negative net margin of 229.45% and a negative return on equity of 2,850.78%.

Several hedge funds have recently made changes to their positions in HMNY. Virtu Financial LLC acquired a new position in shares of Helios and Matheson Analytics during the 4th quarter valued at about $155,000. Hudson Bay Capital Management LP acquired a new position in shares of Helios and Matheson Analytics during the 4th quarter valued at about $674,000. Geode Capital Management LLC acquired a new position in shares of Helios and Matheson Analytics during the 4th quarter valued at about $431,000. Two Sigma Advisers LP acquired a new position in shares of Helios and Matheson Analytics during the 4th quarter valued at about $179,000. Finally, Ardsley Advisory Partners acquired a new position in shares of Helios and Matheson Analytics during the 4th quarter valued at about $2,849,000. 8.08% of the stock is currently owned by hedge funds and other institutional investors.

Helios and Matheson Analytics Company Profile

Helios and Matheson Analytics Inc provides a range of information technology (IT) solutions to Fortune 1000 companies and other organizations in the United States. The company's services include application value management, application development, integration, independent validation, infrastructure, information management, and analytics services.

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