Heart Test Laboratories (NASDAQ:HSCS) Trading Down 1.5% – Should You Sell?

Heart Test Laboratories, Inc. (NASDAQ:HSCS) fell 1.5% during trading on Friday . The stock traded as low as $2.57 and last traded at $2.59. Approximately 17,903 shares were traded during mid-day trading, a decline of 87% from the average session volume of 140,511 shares. The stock had previously closed at $2.63.

Analyst Ratings Changes

Separately, Ascendiant Capital Markets reaffirmed a “buy” rating and set a $15.00 price target on shares of Heart Test Laboratories in a research note on Monday, September 23rd.

Heart Test Laboratories Stock Down 1.5 %

The firm’s 50 day simple moving average is $3.41 and its 200-day simple moving average is $4.55. The company has a current ratio of 4.49, a quick ratio of 4.02 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $2.36 million, a price-to-earnings ratio of -0.12 and a beta of 3.27.

Heart Test Laboratories (NASDAQ:HSCS) last released its earnings results on Thursday, September 12th. The company reported ($2.64) earnings per share (EPS) for the quarter. Equities analysts expect that Heart Test Laboratories, Inc. will post -9.82 earnings per share for the current fiscal year.

Heart Test Laboratories Company Profile

Heart Test Laboratories, Inc, a medical technology company, provides cardiovascular diagnostic devices. The company offers MyoVista wavECG, a resting 12-lead electrocardiograph (ECG) to provide diagnostic information related to cardiac dysfunction, as well as conventional ECG information. It serves clinics, doctor's offices, urgent care centers, and hospitals.