Ontrak (NASDAQ:OTRK) Shares Up 6.7%

Ontrak, Inc. (NASDAQ:OTRK – Get Rating) shares shot up 6.7% during trading on Wednesday . The company traded as high as $0.51 and last traded at $0.48. 112,331 shares were traded during mid-day trading, a decline of 96% from the average session volume of 2,541,095 shares. The stock had previously closed at $0.45.

Ontrak Stock Up 6.7 %

The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.88 and a current ratio of 1.88. The stock has a 50 day moving average price of $0.47 and a 200 day moving average price of $0.55. The company has a market cap of $14.08 million, a P/E ratio of -0.21 and a beta of 2.78.

Ontrak (NASDAQ:OTRK – Get Rating) last posted its quarterly earnings data on Wednesday, March 15th. The company reported ($0.41) EPS for the quarter. Ontrak had a negative return on equity of 361.49% and a negative net margin of 384.20%. The firm had revenue of $2.51 million during the quarter.

Institutional Trading of Ontrak

A number of hedge funds and other institutional investors have recently modified their holdings of OTRK. Vanguard Group Inc. raised its position in shares of Ontrak by 182.0% during the third quarter. Vanguard Group Inc. now owns 778,960 shares of the company’s stock worth $366,000 after purchasing an additional 502,702 shares during the period. Millennium Management LLC acquired a new stake in shares of Ontrak during the second quarter worth $125,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Ontrak during the third quarter worth $34,000. State Street Corp raised its position in shares of Ontrak by 33.3% during the first quarter. State Street Corp now owns 229,254 shares of the company’s stock worth $519,000 after purchasing an additional 57,287 shares during the period. Finally, XTX Topco Ltd grew its holdings in Ontrak by 273.2% during the first quarter. XTX Topco Ltd now owns 50,431 shares of the company’s stock valued at $114,000 after purchasing an additional 36,918 shares during the last quarter. Institutional investors own 49.82% of the company’s stock.

Ontrak Company Profile

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Ontrak, Inc engages in the provision of data analytics based behavioral health management and integrated treatment services to health plans. It offers services through its Ontrak platform solution, which is designed to improve member health, and at the same time, lower costs to the insurer for underserved populations where behavioral health conditions cause or exacerbate co-existing medical conditions.