Harte Hanks (NASDAQ:HHS) Shares Cross Above 200-Day Moving Average – Here’s Why

Harte Hanks, Inc. (NASDAQ:HHS) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.75 and traded as high as $4.29. Harte Hanks shares last traded at $4.22, with a volume of 100,356 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings raised Harte Hanks from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 28th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Harte Hanks Stock Up 1.4%

The business has a 50 day simple moving average of $3.03 and a 200 day simple moving average of $2.76. The company has a market capitalization of $31.89 million, a PE ratio of -5.63 and a beta of 0.09.

Harte Hanks (NASDAQ:HHS) last issued its quarterly earnings results on Friday, August 14th. The business services provider reported ($0.67) earnings per share for the quarter. Harte Hanks had a negative return on equity of 30.14% and a negative net margin of 3.70%.The business had revenue of $37.98 million for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. purchased a new position in shares of Harte Hanks in the first quarter worth $49,000. DRW Securities LLC purchased a new stake in shares of Harte Hanks during the fourth quarter valued at $38,000. BlackRock Inc. purchased a new stake in shares of Harte Hanks during the second quarter valued at $41,000. Raffles Associates LP acquired a new position in shares of Harte Hanks in the 2nd quarter valued at $76,000. Finally, Susquehanna International Group LLP acquired a new position in shares of Harte Hanks in the 3rd quarter valued at $71,000. Institutional investors and hedge funds own 33.75% of the company’s stock.

Harte Hanks Company Profile

Harte-Hanks, Inc engages in the provision of marketing solutions. It specializes in consulting, data analytics, creative services, digital and social media, marketing strategy, marketing technology, and other related services. It supports a range of customers in the field of technology, travel and leisure, entertainment, pharmaceuticals, automotive, finance, and retail. The company was founded in 1923 and is headquartered in San Antonio, TX.