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Streamline Health Solutions (NASDAQ:STRM) Stock Passes Above 200 Day Moving Average - Time to Sell?

Streamline Health Solutions logo with Medical background

Streamline Health Solutions, Inc. (NASDAQ:STRM - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.54 and traded as high as $2.58. Streamline Health Solutions shares last traded at $2.43, with a volume of 24,647 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on STRM shares. Craig Hallum raised shares of Streamline Health Solutions to a "strong-buy" rating in a research report on Thursday, September 5th. StockNews.com initiated coverage on shares of Streamline Health Solutions in a research report on Thursday. They set a "sell" rating for the company.

Read Our Latest Stock Analysis on STRM

Streamline Health Solutions Price Performance

The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a market cap of $133.98 million, a price-to-earnings ratio of -6.75 and a beta of 1.60. The business's 50-day moving average price is $0.78 and its two-hundred day moving average price is $0.55.

Streamline Health Solutions (NASDAQ:STRM - Get Free Report) last released its quarterly earnings results on Wednesday, September 11th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $4.48 million for the quarter.

About Streamline Health Solutions

(Get Free Report)

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.

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