StockNews.com Initiates Coverage on Streamline Health Solutions (NASDAQ:STRM)

StockNews.com began coverage on shares of Streamline Health Solutions (NASDAQ:STRM) in a research report report published on Wednesday morning. The firm issued a sell rating on the stock.

Streamline Health Solutions Stock Performance

STRM stock opened at $0.78 on Wednesday. The company has a market cap of $45.95 million, a P/E ratio of -3.90 and a beta of 1.27. Streamline Health Solutions has a 1 year low of $0.75 and a 1 year high of $2.35. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.80 and a quick ratio of 0.80. The stock’s fifty day moving average price is $1.21 and its 200-day moving average price is $1.49.

Streamline Health Solutions (NASDAQ:STRM) last released its quarterly earnings results on Thursday, September 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The firm had revenue of $5.77 million for the quarter. Streamline Health Solutions had a negative return on equity of 31.35% and a negative net margin of 44.61%.

Hedge Funds Weigh In On Streamline Health Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the company. Harbert Fund Advisors Inc. lifted its position in Streamline Health Solutions by 18.6% during the fourth quarter. Harbert Fund Advisors Inc. now owns 4,824,212 shares of the company’s stock valued at $7,622,000 after purchasing an additional 757,575 shares in the last quarter. Vanguard Group Inc. lifted its position in Streamline Health Solutions by 4.2% during the third quarter. Vanguard Group Inc. now owns 1,564,842 shares of the company’s stock valued at $1,862,000 after purchasing an additional 63,679 shares in the last quarter. Portside Wealth Group LLC purchased a new position in Streamline Health Solutions during the second quarter valued at $1,628,000. BlackRock Inc. lifted its position in Streamline Health Solutions by 3.2% during the first quarter. BlackRock Inc. now owns 426,079 shares of the company’s stock valued at $767,000 after purchasing an additional 13,297 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Streamline Health Solutions by 8.7% during the second quarter. Geode Capital Management LLC now owns 396,423 shares of the company’s stock valued at $503,000 after purchasing an additional 31,861 shares in the last quarter. 34.60% of the stock is currently 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.