Streamline Health Solutions (NASDAQ:STRM) Rating Increased to Strong-Buy at Craig Hallum

Craig Hallum upgraded shares of Streamline Health Solutions (NASDAQ:STRM) to a strong-buy rating in a research note published on Thursday, Zacks.com reports.

Separately, StockNews.com started coverage on Streamline Health Solutions in a report on Saturday. They set a sell rating on the stock.

Streamline Health Solutions Price Performance

NASDAQ:STRM opened at $0.53 on Thursday. Streamline Health Solutions has a 52 week low of $0.21 and a 52 week high of $1.15. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $32.63 million, a P/E ratio of -1.64 and a beta of 1.62. The stock’s fifty day moving average is $0.50 and its two-hundred day moving average is $0.45.

Streamline Health Solutions (NASDAQ:STRM) last posted its quarterly earnings data on Tuesday, June 11th. The company reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $4.33 million during the quarter. Streamline Health Solutions had a negative net margin of 85.83% and a negative return on equity of 35.69%.

Institutional Investors Weigh In On Streamline Health Solutions

A hedge fund recently raised its stake in Streamline Health Solutions stock. Austin Wealth Management LLC raised its holdings in shares of Streamline Health Solutions, Inc. (NASDAQ:STRM) by 100.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. 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 approximately 1.59% of Streamline Health Solutions worth $402,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 31.74% of the company’s stock.

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.