Ontrak (NASDAQ:OTRK) Trading 6.7% Higher

Ontrak, Inc. (NASDAQ:OTRK – Get Rating) shares traded up 6.7% during trading on Wednesday . The stock traded as high as $0.51 and last traded at $0.48. 112,331 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 2,541,095 shares. The stock had previously closed at $0.45.

Ontrak Stock Down 5.5 %

The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market cap of $13.85 million, a PE ratio of -0.21 and a beta of 2.78. The stock has a fifty day moving average price of $0.47 and a 200-day moving average price of $0.55.

Ontrak (NASDAQ:OTRK – Get Rating) last issued its earnings results on Wednesday, March 15th. The company reported ($0.41) earnings per share (EPS) for the quarter. Ontrak had a negative return on equity of 361.49% and a negative net margin of 384.20%. The firm had revenue of $2.51 million for the quarter.

Institutional Trading of Ontrak

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Ontrak by 182.0% during the 3rd quarter. Vanguard Group Inc. now owns 778,960 shares of the company’s stock worth $366,000 after acquiring an additional 502,702 shares in the last quarter. Millennium Management LLC acquired a new position in Ontrak during the 2nd quarter worth approximately $125,000. B. Riley Wealth Advisors Inc. acquired a new position in Ontrak during the 3rd quarter worth approximately $34,000. State Street Corp lifted its position in Ontrak by 33.3% during the 1st quarter. State Street Corp now owns 229,254 shares of the company’s stock worth $519,000 after acquiring an additional 57,287 shares in the last quarter. Finally, XTX Topco Ltd lifted its position in Ontrak by 273.2% during the 1st quarter. XTX Topco Ltd now owns 50,431 shares of the company’s stock worth $114,000 after acquiring an additional 36,918 shares in the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Ontrak Company Profile

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Ontrak, Inc engages in the provision of data analytics based behavioral health management and integrated treatment services to health plans. It offers services through its Ontrak platform solution, which is designed to improve member health, and at the same time, lower costs to the insurer for underserved populations where behavioral health conditions cause or exacerbate co-existing medical conditions.