Streamline Health Solutions (NASDAQ:STRM) Share Price Crosses Above Two Hundred Day Moving Average of $1.34

Streamline Health Solutions Inc. (NASDAQ:STRM)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.34 and traded as high as $1.35. Streamline Health Solutions shares last traded at $1.35, with a volume of 1 shares changing hands.

Separately, ValuEngine downgraded shares of Streamline Health Solutions from a “buy” rating to a “hold” rating in a report on Thursday, October 10th.

The company’s fifty day simple moving average is $1.18 and its 200 day simple moving average is $1.35. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.49.

Streamline Health Solutions (NASDAQ:STRM) last announced its quarterly earnings results on Wednesday, September 11th. The company reported ($0.03) EPS for the quarter. Streamline Health Solutions had a negative net margin of 19.40% and a negative return on equity of 10.16%. The firm had revenue of $4.79 million during the quarter.

In other news, CEO Wyche T. Green III purchased 343,137 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was purchased at an average cost of $1.02 per share, with a total value of $349,999.74. Following the acquisition, the chief executive officer now directly owns 251,650 shares in the company, valued at $256,683. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kenan Lucas purchased 1,500,000 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was purchased at an average cost of $1.02 per share, with a total value of $1,530,000.00. Following the completion of the acquisition, the director now owns 820,677 shares in the company, valued at $837,090.54. The disclosure for this purchase can be found here. 24.28% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in STRM. Renaissance Technologies LLC lifted its position in Streamline Health Solutions by 2.4% during the second quarter. Renaissance Technologies LLC now owns 351,250 shares of the company’s stock valued at $530,000 after purchasing an additional 8,300 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Streamline Health Solutions by 53.3% during the second quarter. Vanguard Group Inc. now owns 177,001 shares of the company’s stock worth $267,000 after buying an additional 61,550 shares in the last quarter. Alera Investment Advisors LLC purchased a new stake in shares of Streamline Health Solutions during the third quarter worth $113,000. Finally, Tamarack Advisers LP grew its holdings in shares of Streamline Health Solutions by 7.7% during the second quarter. Tamarack Advisers LP now owns 2,100,000 shares of the company’s stock worth $3,276,000 after buying an additional 150,000 shares in the last quarter. 42.23% of the stock is owned by hedge funds and other institutional investors.

About Streamline Health Solutions (NASDAQ:STRM)

Streamline Health Solutions, Inc provides health information technology solutions and services for hospitals and health systems in the United States and Canada. It provides software-based solutions and auditing services, which captures, aggregates, and translates structured and unstructured data to deliver predictive insights to its clients.

Further Reading: Calculating net profit and net profit margin ratio

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