Streamline Health Solutions (STRM) Reaches New 12-Month Low at $1.09

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Streamline Health Solutions Inc. (NASDAQ:STRM) hit a new 52-week low on Wednesday . The stock traded as low as $1.09 and last traded at $1.10, with a volume of 79496 shares changing hands. The stock had previously closed at $1.16.

Separately, ValuEngine raised shares of Streamline Health Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, July 12th.

The stock has a market cap of $22.00 million, a price-to-earnings ratio of -6.75 and a beta of -0.26. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85.

Streamline Health Solutions (NASDAQ:STRM) last announced its quarterly earnings results on Wednesday, June 6th. The company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.01. The business had revenue of $6.26 million during the quarter. Streamline Health Solutions had a negative net margin of 6.59% and a negative return on equity of 16.41%. analysts anticipate that Streamline Health Solutions Inc. will post -0.13 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Tamarack Advisers LP boosted its position in Streamline Health Solutions by 4.4% during the 1st quarter. Tamarack Advisers LP now owns 1,096,703 shares of the company’s stock valued at $2,018,000 after buying an additional 46,703 shares during the period. BlackRock Inc. boosted its position in Streamline Health Solutions by 13.2% during the 2nd quarter. BlackRock Inc. now owns 425,385 shares of the company’s stock valued at $600,000 after buying an additional 49,542 shares during the period. Finally, First Light Asset Management LLC raised its holdings in Streamline Health Solutions by 38.0% in the 1st quarter. First Light Asset Management LLC now owns 1,897,681 shares of the company’s stock worth $3,492,000 after purchasing an additional 522,637 shares in the last quarter. 37.51% of the stock is owned by institutional investors and hedge funds.

About Streamline Health Solutions (NASDAQ:STRM)

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

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