HeartCore Enterprises Stock Set to Reverse Split on Monday, April 6th (NASDAQ:HTCR)

HeartCore Enterprises, Inc. (NASDAQ:HTCR)’s stock is going to reverse split on the morning of Monday, April 6th. The 1-20 reverse split was announced on Wednesday, April 1st. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, April 3rd.

HeartCore Enterprises Price Performance

HTCR opened at $0.17 on Thursday. The stock has a 50-day moving average price of $0.25 and a 200-day moving average price of $0.48. HeartCore Enterprises has a 12-month low of $0.15 and a 12-month high of $1.67. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $4.21 million, a P/E ratio of -0.27 and a beta of 1.99.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of HeartCore Enterprises in a research report on Friday, March 27th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

Institutional Investors Weigh In On HeartCore Enterprises

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new stake in HeartCore Enterprises during the 4th quarter valued at $28,000. Board of Trustees of The Leland Stanford Junior University purchased a new position in shares of HeartCore Enterprises in the fourth quarter valued at about $30,000. Jane Street Group LLC raised its stake in shares of HeartCore Enterprises by 85.7% during the fourth quarter. Jane Street Group LLC now owns 113,176 shares of the company’s stock valued at $35,000 after acquiring an additional 52,217 shares during the last quarter. Finally, Virtu Financial LLC raised its stake in shares of HeartCore Enterprises by 306.7% during the third quarter. Virtu Financial LLC now owns 44,829 shares of the company’s stock valued at $36,000 after acquiring an additional 33,807 shares during the last quarter. 1.71% of the stock is currently owned by institutional investors.

About HeartCore Enterprises

HeartCore Enterprises, Inc, a software development company, provides Software as a Service solutions to enterprise customers in Japan and internationally. Its customer experience management platform includes marketing, sales, service, and content management systems, as well as other tools and integrations, which enable companies to enhance the customer experience and drive engagement. The company also operates a digital transformation business that offers customers with robotics process automation, process mining, and task mining to accelerate the digital transformation of enterprises.