StockNews.com Initiates Coverage on Streamline Health Solutions (NASDAQ:STRM)

Investment analysts at StockNews.com assumed coverage on shares of Streamline Health Solutions (NASDAQ:STRM) in a research report issued to clients and investors on Thursday. The brokerage set a “sell” rating on the stock.

Separately, Craig Hallum raised shares of Streamline Health Solutions to a “strong-buy” rating in a report on Thursday, September 5th.

Streamline Health Solutions Trading Up 2.3 %

Shares of STRM stock opened at $3.50 on Thursday. The stock has a market capitalization of $14.77 million, a price-to-earnings ratio of -0.71 and a beta of 1.67. The company’s fifty day simple moving average is $2.65 and its two-hundred day simple moving average is $5.20. Streamline Health Solutions has a 1 year low of $1.85 and a 1 year high of $9.75. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61.

Streamline Health Solutions (NASDAQ:STRM) last released its quarterly earnings data on Wednesday, September 11th. The company reported ($0.75) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.15). Streamline Health Solutions had a negative net margin of 92.72% and a negative return on equity of 44.85%. The company had revenue of $4.48 million for the quarter.

Streamline Health Solutions Company Profile

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.