Streamline Health Solutions (NASDAQ:STRM) Stock Crosses Above 200-Day Moving Average of $0.43

Shares of Streamline Health Solutions, Inc. (NASDAQ:STRM) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.43 and traded as high as $0.53. Streamline Health Solutions shares last traded at $0.50, with a volume of 84,005 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Streamline Health Solutions in a research report on Saturday. They set a “sell” rating on the stock.

Streamline Health Solutions Stock Up 1.2 %

The stock has a market capitalization of $31.02 million, a P/E ratio of -1.56 and a beta of 1.60. The company’s 50-day moving average price is $0.43 and its 200 day moving average price is $0.43. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 0.76.

Streamline Health Solutions (NASDAQ:STRM) last posted its earnings results on Tuesday, June 11th. The company reported ($0.05) earnings per share for the quarter. The company had revenue of $4.33 million for the quarter. Streamline Health Solutions had a negative net margin of 85.83% and a negative return on equity of 35.69%.

Hedge Funds Weigh In On Streamline Health Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in STRM. Mesirow Financial Investment Management Inc. purchased a new position in shares of Streamline Health Solutions in the 1st quarter worth $59,000. Cerity Partners LLC bought a new stake in shares of Streamline Health Solutions in the 4th quarter worth about $128,000. Nicholas Hoffman & Company LLC. lifted its holdings in shares of Streamline Health Solutions by 10.9% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 740,983 shares of the company’s stock worth $315,000 after acquiring an additional 72,993 shares during the last quarter. Austin Wealth Management LLC lifted its holdings in shares of Streamline Health Solutions by 100.2% in the 4th quarter. Austin Wealth Management LLC now owns 935,519 shares of the company’s stock worth $402,000 after acquiring an additional 468,242 shares during the last quarter. Finally, Perkins Capital Management Inc. lifted its holdings in shares of Streamline Health Solutions by 33.7% in the 4th quarter. Perkins Capital Management Inc. now owns 1,999,405 shares of the company’s stock worth $850,000 after acquiring an additional 504,000 shares during the last quarter. 31.74% of the stock is owned by hedge funds and other institutional investors.

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.