The Catasys Inc. (CATS) Upgrade by The Zacks Investment Research to Hold

The Catasys Inc. (CATS) Upgrade by The Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of Catasys Inc. (OTCMKTS:CATS) from a sell rating to a hold rating in a research note issued to investors on Tuesday.

According to Zacks, “Catasys, Inc., formerly known as Hythiam, Inc., provides specialized behavioral health management services to health plans, employers and unions through a network of licensed and company managed health care providers. The Company’s program seeks to improve member health by delivering medical and psychosocial interventions in combination with long term care coaching, including their proprietary treatment program for alcoholism and stimulant dependence. Catasys, Inc. is based in Los Angeles. “

Catasys (OTCMKTS:CATS) opened at 0.95 on Tuesday. Catasys has a 52 week low of $0.25 and a 52 week high of $1.55. The firm’s market cap is $52.30 million. The company has a 50-day moving average of $1.02 and a 200 day moving average of $0.89.

Catasys (OTCMKTS:CATS) last issued its earnings results on Tuesday, August 16th. The company reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. On average, equities analysts predict that Catasys will post ($0.12) earnings per share for the current year.

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