Streamline Health Solutions (NASDAQ:STRM) Posts Quarterly Earnings Results

Streamline Health Solutions (NASDAQ:STRM) issued its earnings results on Wednesday. The company reported ($0.01) earnings per share for the quarter, Fidelity Earnings reports. Streamline Health Solutions had a negative return on equity of 2.21% and a negative net margin of 16.61%. The firm had revenue of $5.79 million during the quarter.

Shares of STRM stock opened at $1.45 on Friday. Streamline Health Solutions has a twelve month low of $0.81 and a twelve month high of $2.09. The stock has a fifty day simple moving average of $1.29 and a two-hundred day simple moving average of $1.34.

In related news, Director Kenan Lucas purchased 1,500,000 shares of Streamline Health Solutions stock in a transaction dated 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 transaction, the director now owns 820,677 shares in the company, valued at approximately $837,090.54. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Wyche T. Green III purchased 343,137 shares of Streamline Health Solutions stock in a transaction dated Wednesday, October 16th. The stock was bought at an average cost of $1.02 per share, with a total value of $349,999.74. Following the completion of the transaction, the chief executive officer now owns 251,650 shares in the company, valued at approximately $256,683. The disclosure for this purchase can be found here. 24.28% of the stock is currently owned by corporate insiders.

Several equities research analysts have weighed in on STRM shares. TheStreet upgraded Streamline Health Solutions from a “d” rating to a “c-” rating in a report on Thursday. ValuEngine cut Streamline Health Solutions from a “buy” rating to a “hold” rating in a report on Thursday, October 10th.

About Streamline Health Solutions

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.

Featured Article: Most Active Stocks

Earnings History for Streamline Health Solutions (NASDAQ:STRM)

Receive News & Ratings for Streamline Health Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Streamline Health Solutions and related companies with MarketBeat.com's FREE daily email newsletter.