Catasys (NASDAQ:CATS) released its quarterly earnings data on Wednesday, March 7th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.08), Bloomberg Earnings reports. The firm had revenue of $3.04 million during the quarter, compared to analyst estimates of $3.00 million.
Catasys (CATS) traded up $0.01 during midday trading on Wednesday, hitting $4.78. The stock had a trading volume of 15,188 shares, compared to its average volume of 70,928. The firm has a market cap of $75.91, a price-to-earnings ratio of -4.83 and a beta of 0.14. Catasys has a fifty-two week low of $3.30 and a fifty-two week high of $14.00.
Separately, Zacks Investment Research lowered Catasys from a “hold” rating to a “sell” rating in a research note on Thursday, March 8th.
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Catasys, Inc provides data analytics based specialized behavioral health management and integrated treatment services to health plans and other third party payors. It offers OnTrak solution to improve treatment outcomes and lower the utilization of medical and behavioral health plan services. The companys OnTrak solution includes medical and psychosocial interventions; and a proprietary Web based clinical information platform and database, psychosocial programs, and integrated care coaching services.
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