iCoreConnect (NASDAQ:ICCT) Stock Price Up 1.2% – Should You Buy?

iCoreConnect Inc. (NASDAQ:ICCTGet Free Report)’s share price traded up 1.2% during mid-day trading on Wednesday . The company traded as high as $0.18 and last traded at $0.17. 38,949 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 4,996,410 shares. The stock had previously closed at $0.17.

iCoreConnect Stock Up 1.2%

The firm has a market cap of $356,556.00, a P/E ratio of 0.00 and a beta of -1.11. The firm’s 50-day moving average price is $1.71 and its 200 day moving average price is $2.07. The company has a debt-to-equity ratio of 7.93, a current ratio of 0.11 and a quick ratio of 0.11.

Insider Buying and Selling at iCoreConnect

In other iCoreConnect news, major shareholder Strategic Advisors L. Schonfeld sold 132,378 shares of the stock in a transaction on Monday, April 28th. The shares were sold at an average price of $2.26, for a total transaction of $299,174.28. Following the sale, the insider now directly owns 56,059 shares of the company’s stock, valued at approximately $126,693.34. This represents a 70.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 59.42% of the stock is currently owned by insiders.

Institutional Investors Weigh In On iCoreConnect

An institutional investor recently bought a new position in iCoreConnect stock. Virtu Financial LLC purchased a new position in iCoreConnect Inc. (NASDAQ:ICCTFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 12,698 shares of the company’s stock, valued at approximately $32,000. Virtu Financial LLC owned about 1.04% of iCoreConnect at the end of the most recent quarter. Institutional investors own 13.42% of the company’s stock.

iCoreConnect Company Profile

(Get Free Report)

iCoreConnect Inc, a cloud-based software and technology company, provides Health Insurance Portability and Accountability Act (HIPAA) compliant cloud-based software as a service (SaaS) in the United States. The company’s products include iCoreRx, a HIPAA compliant electronic prescription software; iCorePDMP, a solution that checks the patient’s Prescription Drug Monitoring Program (PDMP) history before prescribing controlled substances; iCoreVerify and iCoreVerify+, a HIPAA compliant SaaS solution that automatically retrieves a patients insurance eligibility breakdown to verify their benefits in advance of their appointment and on-demand; iCoreHuddle and iCoreHuddle+, a tool to instantly reveal the revenue potential of each patient; and iCoreCodeGenius, a medical coding reference SaaS solution.

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