Healthcare Triangle (NASDAQ:HCTI) Shares Gap Down - What's Next?

Key Points

• Healthcare Triangle's shares gapped down significantly, opening at $4.83 after a previous close of $7.77, and last traded at $3.91.
• The company's reported earnings showed a loss of ($0.17) per share with quarterly revenues of $3.70 million.
• Healthcare Triangle focuses on cloud services, data science, and managed services within the healthcare and life sciences sector.

Healthcare Triangle, Inc. (NASDAQ:HCTI - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $7.77, but opened at $4.83. Healthcare Triangle shares last traded at $3.91, with a volume of 930,687 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Healthcare Triangle to a "hold" rating in a report on Saturday.

Healthcare Triangle Trading Down 20.2%

The business has a 50 day moving average of $5.75 and a 200-day moving average of $61.49. The stock has a market cap of $6.65 million, a PE ratio of -0.02 and a beta of 0.88.

Healthcare Triangle (NASDAQ:HCTI - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The company reported ($42.33) earnings per share for the quarter. The firm had revenue of $3.70 million during the quarter.

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.