Streamline Health Solutions Stock to Reverse Split on Friday, October 4th (NASDAQ:STRM)

Shares of Streamline Health Solutions, Inc. (NASDAQ:STRM) are going to reverse split before the market opens on Friday, October 4th. The 1-15 reverse split was announced on Thursday, September 26th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, October 3rd.

Streamline Health Solutions Trading Up 4.7 %

Shares of Streamline Health Solutions stock opened at $0.24 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. The stock’s 50 day simple moving average is $0.43 and its 200-day simple moving average is $0.43. The stock has a market cap of $14.87 million, a P/E ratio of -0.75 and a beta of 1.62. Streamline Health Solutions has a 1-year low of $0.14 and a 1-year high of $1.00.

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Streamline Health Solutions

An institutional investor recently raised its position in Streamline Health Solutions stock. Austin Wealth Management LLC raised its position in Streamline Health Solutions, Inc. (NASDAQ:STRM) by 100.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 935,519 shares of the company’s stock after acquiring an additional 468,242 shares during the quarter. Austin Wealth Management LLC owned 1.59% of Streamline Health Solutions worth $402,000 at the end of the most recent quarter. 31.74% of the stock is owned by institutional investors and hedge funds.

About Streamline Health Solutions

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