Catasys, Inc. (CATS) Announces Quarterly Earnings Results
Catasys, Inc. (NASDAQ:CATS) released its quarterly earnings results on Tuesday. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.04), reports.
Catasys (CATS) traded down $0.02 during trading on Tuesday, reaching $3.45. The company’s stock had a trading volume of 48,900 shares, compared to its average volume of 38,742. Catasys has a one year low of $3.34 and a one year high of $14.00.
CATS has been the subject of several recent research reports. ValuEngine downgraded Catasys from a “hold” rating to a “sell” rating in a research report on Saturday, October 21st. Taglich Brothers initiated coverage on Catasys in a research report on Wednesday, October 18th. They set a “speculative buy” rating and a $8.00 price target for the company. Zacks Investment Research raised Catasys from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Finally, Telsey Advisory Group initiated coverage on Catasys in a research report on Wednesday, October 18th. They set a “buy” rating for the company.
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Catasys Company Profile
Catasys, Inc provides data analytics based specialized behavioral health management and integrated treatment services to health plans and other third party payors. It offers OnTrak solution to improve treatment outcomes and lower the utilization of medical and behavioral health plan services. The companys OnTrak solution includes medical and psychosocial interventions; and a proprietary Web based clinical information platform and database, psychosocial programs, and integrated care coaching services.
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