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

StockNews.com initiated coverage on shares of Streamline Health Solutions (NASDAQ:STRM) in a report released on Wednesday. The firm set a “sell” rating on the stock.

Streamline Health Solutions Stock Down 2.7 %

Shares of STRM opened at $0.33 on Wednesday. Streamline Health Solutions has a 52 week low of $0.21 and a 52 week high of $1.85. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $19.47 million, a price-to-earnings ratio of -0.97 and a beta of 1.18. The stock’s 50-day moving average price is $0.47 and its 200-day moving average price is $0.42.

Institutional Trading of Streamline Health Solutions

A number of hedge funds have recently modified their holdings of the stock. Cerity Partners LLC purchased a new position in Streamline Health Solutions during the fourth quarter worth approximately $128,000. Nicholas Hoffman & Company LLC. boosted 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 purchasing an additional 72,993 shares in the last quarter. Austin Wealth Management LLC boosted its position in Streamline Health Solutions by 100.2% during the fourth quarter. Austin Wealth Management LLC now owns 935,519 shares of the company’s stock worth $402,000 after purchasing an additional 468,242 shares in the last quarter. Perkins Capital Management Inc. boosted its position in Streamline Health Solutions by 33.7% during the fourth quarter. Perkins Capital Management Inc. now owns 1,999,405 shares of the company’s stock worth $850,000 after purchasing an additional 504,000 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Streamline Health Solutions by 1.6% during the third quarter. Vanguard Group Inc. now owns 1,688,305 shares of the company’s stock valued at $1,633,000 after purchasing an additional 26,201 shares in the last quarter. 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.