ValuEngine Downgrades Streamline Health Solutions (STRM) to Strong Sell

Streamline Health Solutions (NASDAQ:STRM) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report issued on Sunday.

Separately, Zacks Investment Research upgraded shares of Streamline Health Solutions from a “hold” rating to a “buy” rating and set a $1.50 target price for the company in a research note on Wednesday, September 27th.

Shares of Streamline Health Solutions (STRM) opened at $1.69 on Friday. The company has a market cap of $33.77, a P/E ratio of -8.05 and a beta of 0.06. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75. Streamline Health Solutions has a 12 month low of $0.85 and a 12 month high of $2.82.

Hedge funds have recently added to or reduced their stakes in the stock. Kennedy Capital Management Inc. boosted its stake in Streamline Health Solutions by 43.7% in the 2nd quarter. Kennedy Capital Management Inc. now owns 534,176 shares of the company’s stock worth $572,000 after purchasing an additional 162,521 shares in the last quarter. First Light Asset Management LLC boosted its stake in Streamline Health Solutions by 8.3% in the 2nd quarter. First Light Asset Management LLC now owns 1,771,550 shares of the company’s stock worth $1,896,000 after purchasing an additional 135,605 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Streamline Health Solutions by 17.8% in the 1st quarter. Renaissance Technologies LLC now owns 278,895 shares of the company’s stock worth $284,000 after purchasing an additional 42,195 shares in the last quarter. Institutional investors own 35.88% of the company’s stock.

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About Streamline Health Solutions

Streamline Health Solutions, Inc is engaged in providing healthcare information technology through the licensing of its Electronic Health Information Management, Patient Financial, Coding and Clinical Documentation Improvement (CDI), and other Workflow software applications, and the use of such applications by software as a service.

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