Streamline Health Solutions Inc. (STRM) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the technology sector during morning trading on September 22. At the lunch break, shares of STRM have risen 4.24% to $1.72 after closing the day prior at $1.65. In the first two and a half hours of trading, the stock has gone as high as $1.73 and as low as $1.63. Today’s rise has come with about 9,258 shares changing hands, compared to an average 30-day volume of 32,551 for Streamline Health Solutions Inc.. The price is currently below the 30-day volume weighted average price of $1.71 for STRM.
The share appreciation gives the company a market capitalization of $32.43 million based upon 19.65 million shares outstanding. It also means that STRM has a price-to-book ratio of 2.32:1.
In the past 52 weeks, shares of STRM have traded as low as $1.08 and as high as $2.89. Technical traders will take note that at $1.72, shares of STRM are trading above their 200-day MA at $1.42 and above their 50-day MA at $1.5. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is STRM?
Streamline Health Solutions Inc is a provider of transformational data-driven solutions for healthcare organizations. The Company provides computer software-based solutions through its Looking Glass platform. The company’s 123 employees are led by CEO David Sides from the corporate headquarters at 1230 Peachtree Street, NorthEast in Atlanta, GA.
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