HeartCore Enterprises (NASDAQ:HTCR) Stock Price Down 3.2% – Here’s Why

HeartCore Enterprises, Inc. (NASDAQ:HTCR) shares fell 3.2% during trading on Wednesday . The company traded as low as $2.97 and last traded at $2.98. Approximately 46,917 shares were traded during mid-day trading, an increase of 20% from the average daily volume of 39,152 shares. The stock had previously closed at $3.08.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered HeartCore Enterprises from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, April 24th. One 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 company currently has a consensus rating of “Reduce”.

HeartCore Enterprises Stock Performance

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market cap of $4.29 million, a PE ratio of -1.30 and a beta of 1.62. The business has a 50 day moving average price of $3.14 and a two-hundred day moving average price of $4.44.

HeartCore Enterprises (NASDAQ:HTCR) last issued its earnings results on Friday, May 15th. The company reported ($1.49) EPS for the quarter, missing the consensus estimate of ($0.03) by ($1.46). The company had revenue of $1.25 million for the quarter, compared to the consensus estimate of $5.50 million.

Institutional Trading of HeartCore Enterprises

A number of institutional investors have recently modified their holdings of HTCR. XTX Topco Ltd bought a new stake in shares of HeartCore Enterprises in the fourth quarter worth about $28,000. Board of Trustees of The Leland Stanford Junior University purchased a new position in HeartCore Enterprises during the 4th quarter valued at about $30,000. Jane Street Group LLC raised its position in 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 purchasing an additional 52,217 shares during the last quarter. Finally, Virtu Financial LLC raised its position in 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 purchasing an additional 33,807 shares during the last quarter. 1.71% of the stock is currently owned by hedge funds and other institutional investors.

About HeartCore Enterprises

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.