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

StockNews.com initiated coverage on shares of Streamline Health Solutions (NASDAQ:STRM) in a research report released on Monday morning. The brokerage issued a sell rating on the stock.

Separately, Craig Hallum upgraded shares of Streamline Health Solutions to a strong-buy rating in a research note on Thursday, September 5th.

Streamline Health Solutions Price Performance

Streamline Health Solutions stock opened at $0.21 on Monday. Streamline Health Solutions has a 52-week low of $0.14 and a 52-week high of $1.00. The firm has a fifty day moving average of $0.44 and a 200-day moving average of $0.43. The firm has a market capitalization of $13.24 million, a P/E ratio of -0.67 and a beta of 1.62. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66.

Streamline Health Solutions (NASDAQ:STRM) last released its quarterly earnings data on Wednesday, September 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.01). Streamline Health Solutions had a negative return on equity of 44.85% and a negative net margin of 92.72%. The business had revenue of $4.48 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Streamline Health Solutions stock. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Streamline Health Solutions, Inc. (NASDAQ:STRM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 123,900 shares of the company’s stock, valued at approximately $59,000. Mesirow Financial Investment Management Inc. owned about 0.21% of Streamline Health Solutions at the end of the most recent reporting period. 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.