HeartCore Enterprises (NASDAQ:HTCR) Trading Down 7.3% – Time to Sell?

HeartCore Enterprises, Inc. (NASDAQ:HTCR)’s share price dropped 7.3% during mid-day trading on Thursday . The stock traded as low as $3.08 and last traded at $3.16. Approximately 55,938 shares traded hands during mid-day trading, an increase of 2% from the average daily volume of 55,058 shares. The stock had previously closed at $3.41.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of HeartCore Enterprises in a research note on Friday, March 27th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, HeartCore Enterprises presently has an average rating of “Reduce”.

HeartCore Enterprises Trading Down 7.3%

The firm has a market capitalization of $4.01 million, a price-to-earnings ratio of -0.26 and a beta of 2.00. The firm’s 50 day moving average is $4.46 and its 200 day moving average is $7.97. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.07.

Institutional Investors Weigh In On HeartCore Enterprises

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC lifted its position in HeartCore Enterprises by 306.7% in the 3rd quarter. Virtu Financial LLC now owns 44,829 shares of the company’s stock worth $36,000 after buying an additional 33,807 shares in the last quarter. XTX Topco Ltd bought a new position in shares of HeartCore Enterprises during the 4th quarter valued at $28,000. Board of Trustees of The Leland Stanford Junior University bought a new position in shares of HeartCore Enterprises during the 4th quarter valued at $30,000. Finally, Jane Street Group LLC raised its holdings in shares of HeartCore Enterprises by 85.7% during the 4th quarter. Jane Street Group LLC now owns 113,176 shares of the company’s stock valued at $35,000 after purchasing an additional 52,217 shares in the last quarter. Hedge funds and other institutional investors own 1.71% of the company’s stock.

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.