Streamline Health Solutions, Inc. (NASDAQ:STRM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.
According to Zacks, “Streamline Health Solutions, Inc. is a leading supplier of workflow and document management tools, applications and services that assist strategic business partners and healthcare organizations to improve operational efficiencies through business process optimization. The Company provides integrated tools and technologies for automating document-intensive environments, including document workflow, document management, e-forms, portal connectivity, optical character recognition and interoperability. The Company’s workflow-based services offer solutions to inefficient and labor-intensive healthcare business processes throughout the revenue cycle, such as chart coding, abstracting and completion, remote physician order processing, pre-admission registration scanning and signature capture, insurance verification, secondary billing services, explanation of benefits processing and release of information processing. “
Streamline Health Solutions (NASDAQ STRM) opened at $1.36 on Wednesday. Streamline Health Solutions has a 1-year low of $0.85 and a 1-year high of $2.82. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.76 and a quick ratio of 0.76.
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A number of hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC lifted its holdings in Streamline Health Solutions by 17.8% in the 1st quarter. Renaissance Technologies LLC now owns 278,895 shares of the company’s stock worth $284,000 after buying an additional 42,195 shares in the last quarter. First Light Asset Management LLC raised its stake in shares of Streamline Health Solutions by 8.3% in the 2nd quarter. First Light Asset Management LLC now owns 1,771,550 shares of the company’s stock valued at $1,896,000 after purchasing an additional 135,605 shares in the last quarter. Finally, Kennedy Capital Management Inc. raised its stake in shares of Streamline Health Solutions by 43.7% in the 2nd quarter. Kennedy Capital Management Inc. now owns 534,176 shares of the company’s stock valued at $572,000 after purchasing an additional 162,521 shares in the last quarter. Hedge funds and other institutional investors own 38.11% of the company’s stock.
About Streamline Health Solutions
Streamline Health Solutions, Inc is engaged in providing healthcare information technology through the licensing of its Electronic Health Information Management, Patient Financial, Coding and Clinical Documentation Improvement (CDI), and other Workflow software applications, and the use of such applications by software as a service.
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