HeartCore Enterprises (NASDAQ:HTCR) Stock Price Down 10.1% – Should You Sell?

HeartCore Enterprises, Inc. (NASDAQ:HTCR) shares fell 10.1% during trading on Thursday . The stock traded as low as $0.2546 and last traded at $0.2699. 764,898 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 1,308,376 shares. The stock had previously closed at $0.3001.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of HeartCore Enterprises in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce”.

HeartCore Enterprises Trading Down 0.5%

The stock has a market capitalization of $6.83 million, a P/E ratio of -0.44 and a beta of 1.97. The business has a 50 day simple moving average of $0.29 and a 200-day simple moving average of $0.58. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.40 and a current ratio of 1.40.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. XTX Topco Ltd bought a new position in shares of HeartCore Enterprises during the 4th quarter valued at about $28,000. Board of Trustees of The Leland Stanford Junior University acquired a new stake in HeartCore Enterprises during the fourth quarter valued at approximately $30,000. Jane Street Group LLC boosted its holdings in HeartCore Enterprises by 85.7% during the fourth quarter. Jane Street Group LLC now owns 113,176 shares of the company’s stock worth $35,000 after buying an additional 52,217 shares in the last quarter. Finally, Virtu Financial LLC grew its position in HeartCore Enterprises by 306.7% in the third quarter. Virtu Financial LLC now owns 44,829 shares of the company’s stock worth $36,000 after buying an additional 33,807 shares during the last quarter. 1.71% of the stock is owned by institutional investors and hedge funds.

HeartCore Enterprises Company Profile

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.