Why Allscripts Healthcare's Stock Is Trading Lower Today

Allscripts Healthcare Solutions MDRX shares are trading lower on Tuesday after Goldman Sachs downgraded the stock from Neutral to Sell and lowered its price target from $6.50 to $5.50 per share.

Allscripts Healthcare Solutions provides information technology and offerings to acute and ambulatory providers as well as hospital services. The company supports electric medical records, private cloud hosting, and other clinical services that support patient engagement and better outcomes.

Additionally, the company offers administrative tools and services to improve operations, such as practice management, revenue cycle management, and clinical care coordination. Allscripts was founded in 1986 and is headquartered in Chicago.

Allscripts Healthcare shares were trading down 9.42% at $6.54 during the time of publication on Tuesday. The stock has a 52-week high of $11.82 and a 52-week low of $4.56.