Catasys (NASDAQ:CATS) released its earnings results on Wednesday, March 7th. The company reported ($0.17) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.08), Bloomberg Earnings reports. The business had revenue of $3.04 million for the quarter, compared to analysts’ expectations of $3.00 million.
Catasys (NASDAQ:CATS) traded up $0.01 during midday trading on Wednesday, reaching $4.78. 15,188 shares of the company were exchanged, compared to its average volume of 70,928. The company has a market capitalization of $75.91, a PE ratio of -4.83 and a beta of 0.14. Catasys has a twelve month low of $3.30 and a twelve month high of $14.00.
Separately, Zacks Investment Research lowered shares of Catasys from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th.
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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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