Healthcare Triangle (NASDAQ:HCTI) Stock Price Down 5%

Healthcare Triangle, Inc. (NASDAQ:HCTI) shares traded down 5% during mid-day trading on Wednesday . The company traded as low as $1.32 and last traded at $1.32. 42,855 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 110,530 shares. The stock had previously closed at $1.39.

Healthcare Triangle Price Performance

The stock has a fifty day moving average of $2.01 and a 200-day moving average of $2.89. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 1.65. The stock has a market capitalization of $6.53 million, a price-to-earnings ratio of -0.48 and a beta of 0.99.

Healthcare Triangle (NASDAQ:HCTI) last announced its quarterly earnings results on Monday, March 18th. The company reported ($1.26) earnings per share (EPS) for the quarter. The business had revenue of $7.06 million during the quarter. Healthcare Triangle had a negative net margin of 37.16% and a negative return on equity of 205.49%.

About Healthcare Triangle

Healthcare Triangle, Inc, a healthcare information technology company, focuses on developing solutions in the sectors of cloud services, data science, and professional and managed services for the electronic health record, and healthcare and life sciences industry. It provides a suite of software, solutions, platforms, and services that enables healthcare and pharma organizations to deliver personalized healthcare, precision medicine, advances in drug discovery, development and efficacy, collaborative research and development, respond to evidence, and accelerate their digital transformation.