Harte Hanks (NASDAQ:HHS) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Harte Hanks, Inc. (NASDAQ:HHS) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $3.13 and traded as high as $4.39. Harte Hanks shares last traded at $4.18, with a volume of 90,354 shares.

Analyst Upgrades and Downgrades

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

Harte Hanks Trading Down 6.6%

The firm’s 50-day moving average is $4.32 and its 200 day moving average is $3.15.

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

Hedge Funds Weigh In On Harte Hanks

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Harte Hanks in the second quarter valued at approximately $41,000. Raffles Associates LP bought a new position in Harte Hanks during the 2nd quarter worth approximately $190,000. Finally, Krilogy Financial LLC raised its holdings in Harte Hanks by 28.5% during the 1st quarter. Krilogy Financial LLC now owns 118,175 shares of the business services provider’s stock worth $268,000 after purchasing an additional 26,175 shares during the last quarter. 33.75% of the stock is currently owned by institutional investors.

About Harte Hanks

Harte Hanks, Inc is a customer experience and marketing services company that helps businesses attract, engage and retain customers. The company combines data, technology and human expertise to support marketing, customer care and related business processes.

Its services include customer data management, analytics, campaign planning and execution, direct mail, email marketing, digital marketing, social media, lead generation and contact-center support. Harte Hanks also provides customer engagement and lifecycle marketing solutions designed to help organizations coordinate communications across multiple channels.

Harte Hanks serves business-to-business and business-to-consumer clients across industries and supports marketing and customer engagement programs in North America, Europe and other international markets.