HeartCore Enterprises (NASDAQ:HTCR) Trading Up 3.6% – Here’s What Happened

Shares of HeartCore Enterprises, Inc. (NASDAQ:HTCR) shot up 3.6% on Monday . The stock traded as high as $3.28 and last traded at $3.18. 39,313 shares were traded during mid-day trading, a decline of 70% from the average session volume of 129,602 shares. The stock had previously closed at $3.07.

Analyst Ratings Changes

Separately, Weiss Ratings cut HeartCore Enterprises from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce”.

HeartCore Enterprises Stock Performance

The company has a 50-day simple moving average of $3.29 and a two-hundred day simple moving average of $5.34. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. The firm has a market cap of $4.58 million, a PE ratio of -1.39 and a beta of 1.60.

HeartCore Enterprises (NASDAQ:HTCR) last issued its quarterly earnings results on Friday, May 15th. The company reported ($1.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($1.46). HeartCore Enterprises had a negative net margin of 67.96% and a negative return on equity of 115.26%. The firm had revenue of $1.25 million for the quarter, compared to analysts’ expectations of $5.50 million.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Jane Street Group LLC lifted its position in shares of HeartCore Enterprises by 85.7% during the 4th quarter. Jane Street Group LLC now owns 113,176 shares of the company’s stock valued at $35,000 after buying an additional 52,217 shares during the last quarter. Board of Trustees of The Leland Stanford Junior University purchased a new position in shares of HeartCore Enterprises during the 4th quarter valued at $30,000. XTX Topco Ltd purchased a new position in shares of HeartCore Enterprises during the 4th quarter valued at $28,000. Finally, Virtu Financial LLC lifted its position in shares of HeartCore Enterprises by 306.7% during the 3rd quarter. Virtu Financial LLC now owns 44,829 shares of the company’s stock valued at $36,000 after buying an additional 33,807 shares during the last quarter. Hedge funds and other institutional investors own 1.71% of the company’s stock.

HeartCore Enterprises Company Profile

HeartCore Enterprises, Inc, a software development company, provides Software as a Service solutions to enterprise customers in Japan and internationally. Its customer experience management platform includes marketing, sales, service, and content management systems, as well as other tools and integrations, which enable companies to enhance the customer experience and drive engagement. The company also operates a digital transformation business that offers customers with robotics process automation, process mining, and task mining to accelerate the digital transformation of enterprises.