Shares of Streamline Health Solutions (NASDAQ:STRM) scheduled to reverse split on Friday, October 4th

Shares of Streamline Health Solutions, Inc. (NASDAQ:STRM – Free Report ) will reverse split on Friday, October 4th. The 1-15 reverse split was announced on Thursday, September 26th. The number of shares held by shareholders will be adjusted after the market closes on Thursday, October 3rd.

Health solutions stock rationalization by 4.7%

NASDAQ:STRM opened at $0.24 on Monday. Streamline Health Solutions has a 1 year low of $0.14 and a 1 year high of $1.00. The firm has a market cap of $14.87 million, a price-to-earnings ratio of -0.75 and a beta of 1.62. The company has a current ratio of 0.61, a quick ratio of 0.61, and a debt-to-equity ratio of 0.66. The company’s fifty day moving average price is $0.43 and its 200 day moving average price is $0.43.

Streamline Health Solutions (NASDAQ:STRM – Get Your Free Report ) last released its earnings results on Wednesday, September 11th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The business had revenue of $4.48 million for the quarter. Streamline Health Solutions had a negative net margin of 92.72% and a negative return on equity of 44.85%.

The Wall Street analyst weighs in

A number of equities research analysts have issued reports on STRM shares. StockNews.com assumed coverage on shares of Streamline Health Solutions in a research report on Monday, September 23rd. They issued a “sell” rating on the company. Craig Hallum raised Streamline Health Solutions to a “strong-buy” rating in a research report on Thursday, September 5th.

Check out our latest review of STRM

Institutional investors step into streamlined healthcare solutions

A hedge fund recently increased its stake in shares of Streamline Health Solutions. Austin Wealth Management LLC boosted its holdings in shares of Streamline Health Solutions, Inc. (NASDAQ:STRM – Free Report) by 100.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 935,519 shares of the company’s stock after purchasing an additional 468,242 shares during the quarter. Austin Wealth Management LLC owned about 1.59% of Streamline Health Solutions worth $402,000 at the end of the most recent quarter. Institutional investors own 31.74% of the company’s shares.

About Streamline Health Solutions

(Get a free report)

Streamline Health Solutions, Inc provides healthcare information technology solutions and related services to hospitals and health systems in the United States and Canada. The company offers RevID, an automated revenue reconciliation software; eValuator, a code analysis platform; data comparison engine; coding and clinical documentation improvement (CDI) solutions, including CDI, summaries and physician query; and financial management solutions such as accounts receivable management, denial management, claims processing, expense management and audit management.

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