Helios and Matheson Analytics (HMNY) Trading 34.8% Higher

Helios and Matheson Analytics Inc (NASDAQ:HMNY) shares traded up 34.8% during trading on Friday . The company traded as high as $0.27 and last traded at $0.31. 60,775,141 shares traded hands during mid-day trading, an increase of 371% from the average session volume of 12,911,291 shares. The stock had previously closed at $0.23.

Several analysts have recently issued reports on the company. Maxim Group reiterated a “buy” rating and set a $12.00 price target on shares of Helios and Matheson Analytics in a research note on Wednesday, April 25th. Canaccord Genuity decreased their price target on Helios and Matheson Analytics from $15.00 to $12.00 and set a “sell” rating for the company in a research note on Tuesday, April 24th.

The company has a debt-to-equity ratio of -0.23, a current ratio of 0.39 and a quick ratio of 0.39.

Helios and Matheson Analytics (NASDAQ:HMNY) last released its quarterly earnings results on Wednesday, May 16th. The information technology services provider reported ($1.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($3.08) by $1.85. The company had revenue of $49.44 million during the quarter. Helios and Matheson Analytics had a negative return on equity of 2,850.78% and a negative net margin of 229.45%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in HMNY. Virtu Financial LLC bought a new stake in shares of Helios and Matheson Analytics during the 4th quarter worth about $155,000. Hudson Bay Capital Management LP acquired a new position in shares of Helios and Matheson Analytics during the 4th quarter worth about $674,000. Geode Capital Management LLC acquired a new position in shares of Helios and Matheson Analytics during the 4th quarter worth about $431,000. Two Sigma Advisers LP acquired a new position in shares of Helios and Matheson Analytics during the 4th quarter worth about $179,000. Finally, Ardsley Advisory Partners acquired a new position in shares of Helios and Matheson Analytics during the 4th quarter worth about $2,849,000. Institutional investors own 8.08% of the company’s stock.

About Helios and Matheson Analytics

Helios and Matheson Analytics Inc provides a range of information technology (IT) solutions to Fortune 1000 companies and other organizations in the United States. The company's services include application value management, application development, integration, independent validation, infrastructure, information management, and analytics services.

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