Streamline Health Solutions (NASDAQ:STRM) Shares Cross Above Two Hundred Day Moving Average of $0.43

Streamline Health Solutions, Inc. (NASDAQ:STRM) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.43 and traded as high as $0.51. Streamline Health Solutions shares last traded at $0.50, with a volume of 2,411 shares.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Streamline Health Solutions in a research report on Friday. They issued a “sell” rating for the company.

Streamline Health Solutions Price Performance

The stock has a 50-day moving average price of $0.40 and a two-hundred day moving average price of $0.43. The stock has a market cap of $31.17 million, a price-to-earnings ratio of -1.57 and a beta of 1.60. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62.

Streamline Health Solutions (NASDAQ:STRM) last posted its quarterly earnings data on Monday, April 29th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $5.36 million during the quarter. Streamline Health Solutions had a negative return on equity of 35.69% and a negative net margin of 85.83%.

Institutional Trading of Streamline Health Solutions

Several hedge funds have recently made changes to their positions in STRM. Austin Wealth Management LLC acquired a new position in shares of Streamline Health Solutions in the third quarter valued at approximately $453,000. Vanguard Group Inc. grew its position in Streamline Health Solutions by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,688,305 shares of the company’s stock worth $1,633,000 after purchasing an additional 26,201 shares during the last quarter. Perkins Capital Management Inc. raised its position in Streamline Health Solutions by 33.7% during the 4th quarter. Perkins Capital Management Inc. now owns 1,999,405 shares of the company’s stock worth $850,000 after buying an additional 504,000 shares during the last quarter. Cerity Partners LLC acquired a new stake in shares of Streamline Health Solutions in the 4th quarter valued at approximately $128,000. Finally, Nicholas Hoffman & Company LLC. grew its position in Streamline Health Solutions by 10.9% during the fourth quarter. Nicholas Hoffman & Company LLC. now owns 740,983 shares of the company’s stock worth $315,000 after buying an additional 72,993 shares during the period. Hedge funds and other institutional investors own 31.74% of the company’s stock.

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.