Separately, Zacks Investment Research cut Harte Hanks from a buy rating to a hold rating in a research note on Thursday, January 4th.
Shares of Harte Hanks (HHS) traded down $0.04 during trading on Thursday, reaching $0.99. The company’s stock had a trading volume of 51,033 shares, compared to its average volume of 184,387. The company has a quick ratio of 1.69, a current ratio of 1.70 and a debt-to-equity ratio of -1.88. The stock has a market cap of $59.41, a PE ratio of -0.71 and a beta of 1.62. Harte Hanks has a 1-year low of $0.73 and a 1-year high of $1.65.
Harte Hanks (NYSE:HHS) last announced its quarterly earnings results on Wednesday, November 8th. The business services provider reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.03). The business had revenue of $94.42 million during the quarter, compared to analyst estimates of $95.20 million. sell-side analysts forecast that Harte Hanks will post -0.19 earnings per share for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Smith Moore & CO. purchased a new stake in Harte Hanks in the third quarter worth $107,000. Fondren Management LP grew its stake in Harte Hanks by 11.5% in the second quarter. Fondren Management LP now owns 1,388,000 shares of the business services provider’s stock worth $1,430,000 after purchasing an additional 143,000 shares during the period. Finally, Northern Trust Corp grew its stake in Harte Hanks by 1.7% in the second quarter. Northern Trust Corp now owns 137,956 shares of the business services provider’s stock worth $142,000 after purchasing an additional 2,278 shares during the period. 33.42% of the stock is currently owned by hedge funds and other institutional investors.
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Harte Hanks Company Profile
Harte Hanks, Inc (Harte Hanks) is a multi-channel marketing company. The Company’s Customer Interaction business offers a range of marketing services, in media from direct mail to e-mail, including agency and digital services; database marketing solutions and business-to-business lead generation; direct mail, and contact centers.
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