Healthcare Triangle (NASDAQ:HCTI) Stock Price Up 11.2%

Shares of Healthcare Triangle, Inc. (NASDAQ:HCTI – Get Rating) rose 11.2% on Tuesday . The stock traded as high as $0.33 and last traded at $0.32. Approximately 458,614 shares were traded during trading, a decline of 23% from the average daily volume of 597,064 shares. The stock had previously closed at $0.29.

Healthcare Triangle Price Performance

The firm has a fifty day simple moving average of $0.31 and a 200 day simple moving average of $0.27. The company has a market capitalization of $13.67 million, a price-to-earnings ratio of -1.10 and a beta of 1.11.

Institutional Trading of Healthcare Triangle

A hedge fund recently bought a new stake in Healthcare Triangle stock. Armistice Capital LLC acquired a new stake in Healthcare Triangle, Inc. (NASDAQ:HCTI – Get Rating) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,080,439 shares of the company’s stock, valued at approximately $1,143,000. Armistice Capital LLC owned 7.81% of Healthcare Triangle at the end of the most recent quarter. Institutional investors and hedge funds own 7.92% of the company’s stock.

Healthcare Triangle Company Profile

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Healthcare Triangle, Inc, a healthcare information technology company, focuses on developing solutions in the sectors of cloud services, data science, and professional and managed services. It provides a suite of software, solutions, platforms, and services that enables healthcare and pharma organizations to deliver personalized healthcare, precision medicine, advances in drug discovery, development and efficacy, collaborative research and development, respond to evidence, and enhance the digital transformation.