Helios and Matheson Analytics Inc. (Nasdaq: HMNY) Appoints New Leadership – Shares Rise

Helios and Matheson Analytics Inc. – Nasdaq: HMNY

Helios and Matheson Analytics Inc. shares, traded on the Nasdaq under ticker HMNY, are up over 20% on heavy volumes. The New York-based company today announced that Theodore Farnsworth, Helios and Matheson Analytic’s Chairman of the Board, has been appointed as HMNY’s Chief Executive Officer. Farnsworth, founder of HMNY’s subsidiary, Zone Technologies, Inc., and creator of the RedZone Map smartphone app, is assuming the chief executive role of HMNY from Pat Krishnan, who is moving into the newly created position of Chief Innovation Officer.

As both Chairman and Chief Executive Officer, Farnsworth will lead the company’s strategic direction and all day-to-day operations. Mr. Krishnan will drive many technology-related functions of the company, including initiatives related to artificial intelligence and social listening.   As Chief Innovation Officer, Mr. Krishnan will be assuming management of RedZone’s worldwide technology functions in the United States (Miami, New York and Silicon Valley), India and Israel.

Helios and Matheson Analytics is a global technology developer and provider. Their clients are typically businesses seeking a congruent strategy at the junction of Big Data, Analytics and Business insight.

Helios and Matheson Analytics shareholders experienced positive EPS from 2011 until 2013. However in the last two years, HMNY shares have experienced EPS losses of $0.08 and $0.91 respectively. Sales have retreated from their 2013 high of $13.3 million and last year Helios and Matheson Analytics reported sales of $9.7 million. No firms follow or rate HMNY shares.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

1/23/2017
Ticker Symbol HMNY
Last Price a/o 3:03 PM EST  $                      4.22
Average Volume 477,700
Market Cap $16.3 million
Sales $8 million
Shares Outstanding 4.71 million
Share Float 1.12 million
Shortable Yes
Optionable No
Inside Ownership 35.70%
Short Float 25.18%
Short Interest Ratio 0.59
Quarterly Return -39.72%
YTD Return 4.85%
Year Return 141.05%

Helios and Matheson Analytics (Nasdaq: HMNY) Announcement Sends Shares Higher

Helios and Matheson Analytics, Nasdaq: HMNY

Shares of Helios and Matheson Analytics are up over 10% on large volumes. Earlier in the trading day, shares of HMNY had reached $5.86 – up over 40% from Friday’s close. This morning the company issued a press release stating that Helios and Matheson Analytics Inc. Dr. E.G. Rajan, esteemed professor and research scientist, will be joining the organization as founding member and Chairman of its Science & Technology Development Board.

From the Helios and Matheson press release:

As Founder and President of the Pentagram Research Centre in Hyderabad, India, Dr. Rajan was presented the Gold Medal for his lifetime achievement in Teaching, Research and Industrial Development by former Indian President, Dr. APJ Abdul Kalam, in 2015. HMNY and Zone expect Dr. Rajan’s groundbreaking research in the fields of artificial intelligence and machine learning and his current impact on the field of computer vision to significantly enhance the functionality and reach of RedZone Map, merging RedZone Map’s currently available real time crime data reporting and safer navigation features with data science and technology.

Founded in 1983 and based in New York City and Bangalore, India, Helios and Matheson is a global information technology provider that services Fortune 500 clients. HMNY is not covered by any analysts and no price targets are available. However it may be important to note that both EPS and Sales figures were at their lowest points in 2015 since their highs in 2012 and 2013, respectively. Readers may wish to note that HMNY has a high level of insider ownership.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

Ticker Symbol HMNY
Last Price a/o 12:22 AM EST  $               4.83
Average Volume 363,800
Market Cap $19.9 million
Sales $8 million
Shares Outstanding 4.78 million
Share Float 0.98 million
Shortable Yes
Optionable No
Inside Ownership 36.80%
Short Float 20.97%
Short Interest Ratio 0.56
Quarterly Return -51.06%
YTD Return 199.30%
Year Return 85.70%