Healthcare Triangle (NASDAQ:HCTI) Shares Down 5%

Shares of Healthcare Triangle, Inc. (NASDAQ:HCTI) were down 5% during trading on Wednesday . The stock traded as low as $1.32 and last traded at $1.32. Approximately 42,855 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 110,530 shares. The stock had previously closed at $1.39.

Healthcare Triangle Price Performance

The company has a market cap of $6.14 million, a price-to-earnings ratio of -0.45 and a beta of 0.99. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 1.65. The company’s 50 day moving average price is $2.06 and its 200 day moving average price is $2.90.

Healthcare Triangle (NASDAQ:HCTI) last released its earnings results on Monday, March 18th. The company reported ($1.26) EPS for the quarter. Healthcare Triangle had a negative return on equity of 205.49% and a negative net margin of 37.16%. The firm had revenue of $7.06 million during the quarter.

About Healthcare Triangle

Healthcare Triangle, Inc, a healthcare information technology company, focuses on developing solutions in the sectors of cloud services, data science, and professional and managed services for the electronic health record, and healthcare and life sciences industry. It provides a suite of software, solutions, platforms, and services that enables healthcare and pharma organizations to deliver personalized healthcare, precision medicine, advances in drug discovery, development and efficacy, collaborative research and development, respond to evidence, and accelerate their digital transformation.