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Trustfeed Corp. (TRFE) Stock Analysis

DELISTED 2024

What happened to Trustfeed Corp. (TRFE) stock?

Trustfeed Corp. (TRFE) no longer trades on public markets. It was delisted in November 2024. The figures below are historical and are not a current quote.

MCap: $101M|
Data from FMP · Methodology

For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.

Trustfeed Corp. (TRFE) trades at $0.3653. Trustfeed Corp. , operating as Healthmed Services Ltd. , provides communication technology solutions. Market cap: $101M, Sector: Financial services.

Last analyzed: Mar 17, 2026
Trustfeed Corp., operating as Healthmed Services Ltd., provides communication technology solutions. The company focuses on offering telephone and web-based access to medical advice, information, and services.

Analyst Coverage for TRFE: TRFE does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates TRFE against Financial Services peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.

Watch the TRFE film Every key number, told as a short cinematic story — just press play. ~2 min

Trustfeed Corp. (TRFE) Financial Services Profile

CEOTerrence M. Tierney
Employees1
HeadquartersTemecula, US
IPO Year2009

Trustfeed Corp., through its Healthmed Services Ltd. subsidiary, offers communication technology for medical access. Operating in the financial services sector as a shell company, it provides telephone and web-based solutions, facing competition from established and emerging technology providers in the healthcare space with a market capitalization of $101M.

Data Provenance | Financial Data Quantitative Analysis Analysis: Mar 17, 2026

What Is the Investment Thesis for TRFE?

As of Mar 17, 2026 — figures reflect the data available on that date.

Trustfeed Corp. (TRFE), with a market capitalization of $101M, presents a speculative investment opportunity due to its operations as a shell company focused on Healthmed Services Ltd. The company's negative P/E ratio of -0.75 and a profit margin of -3731.4% indicate significant financial challenges. A potential investment hinges on the company's ability to leverage its communication technology for medical access to achieve profitability. Key catalysts include successful partnerships with healthcare providers and expansion of its service offerings. However, risks include intense competition, financial instability, and the inherent uncertainties associated with OTC-traded shell companies. The company's beta of 1.24 suggests higher volatility compared to the market.

Based on FMP financials and quantitative analysis

TRFE Key Highlights

Market capitalization of $101M, reflecting its small size within the financial services sector.

  • Negative P/E ratio of -0.75, indicating that the company is currently not profitable.
  • Profit margin of -3731.4%, highlighting significant financial challenges and operational inefficiencies.
  • Gross margin of 51.2%, suggesting potential in its core service offerings despite overall losses.
  • Beta of 1.24, indicating higher volatility compared to the broader market, typical for OTC-traded stocks.

Who Are TRFE's Competitors?

TRFE is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

Company Price Change Market Cap AI Score
APXI APx Acquisition Corp. I $11.90 +4.39% $118M 49
BHWB Blackhawk Bancorp, Inc. $33.35 -0.45% $96.6M 49
BUUZ CalEthos, Inc. $3.50 +33.59% $88.3M 44
JATT JATT Acquisition Corp $13.78 +1.89% $111M 69
CPBI Central Plains Bancshares, Inc. $20.97 +0.24% $87.7M 79
LFACU Leapfrog Acquisition Corporation II $10.18 +0.00% $120M 66
MMTXU Miluna Acquisition Corp is a blank check company incorporated in 2025, focusing on mergers, acquisitions, and similar business combinations. The company $10.75 +6.44% $82.7M 65
RCLFU Rosecliff Acquisition Corp I $11.33 +11.74% $77.2M 62

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are TRFE's Key Strengths?

Proprietary communication technology.

  • Established presence in the healthcare communication market.
  • Potential for growth in the telehealth sector.

What Are TRFE's Weaknesses?

Small market capitalization.

  • Negative profitability and high losses.
  • Limited financial resources.
  • OTC market listing indicating higher risk.

What Could Drive TRFE Stock Higher?

Potential partnerships with healthcare providers to expand service offerings.

  • Development and launch of mobile health applications.
  • Expansion of telehealth services to capitalize on market growth.
  • Integration of AI technologies to enhance communication platform.
  • Geographic expansion into underserved markets.

What Are the Key Risks for TRFE?

Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.

  • Intense competition from established healthcare technology companies.
  • Regulatory changes impacting the telehealth industry.
  • Negative profitability and high losses.
  • Limited financial resources.
  • OTC market listing indicating higher risk.

What Are the Growth Opportunities for TRFE?

  • Expansion of telehealth services: The telehealth market is projected to reach $555.95 billion by 2033, growing at a CAGR of 24.8% from 2024. Trustfeed Corp., through Healthmed Services Ltd., can capitalize on this trend by expanding its web-based and telephone-based medical access services. This includes offering remote consultations, virtual care programs, and digital health solutions. Success hinges on strategic partnerships with healthcare providers and effective marketing to reach a broader patient base.
  • Strategic partnerships with healthcare providers: Collaborating with hospitals, clinics, and other healthcare organizations can provide Trustfeed Corp. with access to a larger customer base and enhance its service offerings. These partnerships can involve integrating Healthmed Services Ltd.'s communication technology into existing healthcare systems, offering co-branded services, or developing customized solutions for specific healthcare needs. The timeline for realizing these benefits depends on the company's ability to establish and maintain strong relationships with key healthcare stakeholders.
  • Development of mobile health applications: The mobile health (mHealth) market is expected to reach $332.5 billion by 2030, growing at a CAGR of 18.1% from 2023. Trustfeed Corp. can develop mobile applications that provide patients with convenient access to medical advice, information, and services. These apps can include features such as appointment scheduling, medication reminders, and remote monitoring. Success depends on creating user-friendly and secure applications that meet the evolving needs of patients and healthcare providers.
  • Geographic expansion into underserved markets: Trustfeed Corp. can expand its operations into geographic areas with limited access to healthcare services. This includes rural communities, developing countries, and regions with aging populations. By offering remote healthcare solutions, the company can help bridge the gap in healthcare access and improve health outcomes. The timeline for geographic expansion depends on the company's ability to navigate regulatory requirements, establish local partnerships, and adapt its services to meet the specific needs of each market.
  • Integration of artificial intelligence (AI) in healthcare communication: The AI in healthcare market is projected to reach $194.4 billion by 2030, growing at a CAGR of 37.7% from 2023. Trustfeed Corp. can integrate AI technologies into its communication platform to enhance efficiency, improve accuracy, and personalize the patient experience. This includes using AI-powered chatbots to answer common medical questions, analyzing patient data to identify potential health risks, and providing personalized recommendations for treatment and prevention. The successful integration of AI depends on the company's ability to invest in research and development, acquire AI expertise, and address ethical and privacy concerns.

What Threats Does TRFE Face?

  • Intense competition from larger healthcare technology companies.
  • Regulatory changes impacting the telehealth industry.
  • Economic downturn affecting healthcare spending.
  • Technological obsolescence.

What Are TRFE's Competitive Advantages?

  • Proprietary communication technology for medical access.
  • Established relationships with healthcare providers.
  • First-mover advantage in specific niche markets.

What Does TRFE Do?

Healthmed Services Ltd., operating under Trustfeed Corp., was founded in 2000 and is based in Temecula, California. The company specializes in providing communications technology that enables individuals, companies, and healthcare provider organizations to access medical advice, information, and related services via telephone and the internet. Its services are designed to facilitate efficient communication between patients and healthcare providers, offering solutions for remote consultations, information dissemination, and access to medical products. Trustfeed Corp., functioning as a shell company, focuses on Healthmed Services Ltd. as its primary operating entity. The company's business model centers around offering technology solutions that streamline healthcare communication and access. The company's offerings include web-based platforms and telephone systems that enable users to connect with healthcare professionals and access medical information. The company operates within the broader healthcare technology market, catering to the increasing demand for remote healthcare services and solutions. Despite its relatively small size, Trustfeed Corp. aims to capitalize on the growing need for accessible and convenient healthcare communication solutions. The company faces competition from larger, more established players in the healthcare technology space, as well as emerging startups offering innovative solutions. The company's success depends on its ability to differentiate its offerings, effectively market its services, and maintain strong relationships with healthcare providers and organizations.

What Products and Services Does TRFE Offer?

  • Provides telephone-based access to medical advice and information.
  • Offers web-based platforms for healthcare communication.
  • Connects individuals with healthcare providers remotely.
  • Facilitates access to medical products and services online.
  • Offers communication technology solutions for healthcare organizations.
  • Aims to streamline healthcare communication and access.

How Does TRFE Make Money?

  • Generates revenue by providing communication technology solutions to healthcare providers.
  • Earns fees for facilitating remote consultations and access to medical information.
  • Potentially generates revenue through partnerships with healthcare organizations.

What Industry Does TRFE Operate In?

Trustfeed Corp. operates within the shell company segment of the financial services industry. The shell company market is characterized by high risk and speculative investments. The company's subsidiary, Healthmed Services Ltd., participates in the healthcare technology sector, which is experiencing growth driven by increasing demand for remote healthcare solutions. The competitive landscape includes established healthcare technology providers and emerging startups. Trustfeed Corp.'s success depends on its ability to navigate the competitive environment and capitalize on the growing demand for accessible healthcare communication solutions.

Who Are TRFE's Key Customers?

  • Individuals seeking medical advice and information.
  • Companies providing healthcare benefits to employees.
  • Healthcare provider organizations looking to improve patient communication.
AI Confidence: 69% Updated: Mar 17, 2026
F-Score 3/9

Financial Health

Trustfeed Corp.'s Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of 14.64 places it in the safe zone, indicating low near-term bankruptcy risk.

TRFE Valuation & Market Position

With a $101M market cap, Trustfeed Corp. sits in the micro-cap segment of the market.

Key Financial Metrics

Its free cash flow yield is -0.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 2.60 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -93.2%, the inverse of the P/E and a quick read on earnings relative to price.

Company Profile

Trustfeed Corp. operates in the Shell Companies industry within the Financial Services sector. It is headquartered in Temecula, US. The company is led by CEO Terrence M. Tierney. TRFE has traded publicly since 2009.

TRFE Financials

Fundamental Snapshot

Free Cash Flow Growth (FY)
+64.3%
Current Ratio
2.6
EV/EBITDA (TTM)
10.6

Based on FMP financials and quantitative analysis · FY 2025

Bull Case vs Bear Case

Bull Case

  • Proprietary communication technology.
  • Established presence in the healthcare communication market.
  • Potential for growth in the telehealth sector.
  • Upcoming: Potential partnerships with healthcare providers to expand service offerings.

Bear Case

  • Small market capitalization.
  • Negative profitability and high losses.
  • Limited financial resources.
  • OTC market listing indicating higher risk.

AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026

TRFE Latest News

No recent news available for TRFE.

Leadership: Terrence M. Tierney

Managing Director

Terrence M. Tierney serves as the Managing Director of Trustfeed Corp. His background includes experience in managing small teams and overseeing the operations of Healthmed Services Ltd. Details regarding his educational background and previous roles are not available. As the head of the company, he is responsible for setting the strategic direction and ensuring the company's operational efficiency.

Track Record: Due to limited information, it is difficult to assess Terrence M. Tierney's track record. The company's current financial performance, characterized by negative profitability, suggests challenges in achieving sustainable growth. His leadership will be crucial in navigating the competitive landscape and capitalizing on growth opportunities in the telehealth sector. The success of Trustfeed Corp. hinges on his ability to implement effective strategies and improve financial performance.

TRFE OTC Market Information

The OTC Other tier represents the lowest tier of the OTC market, indicating that Trustfeed Corp. may not meet the minimum financial standards or reporting requirements of higher tiers like OTCQX or OTCQB. Companies in this tier often have limited trading volume and may not be required to provide regular financial disclosures. This tier is distinct from exchanges like NYSE or NASDAQ, which have stringent listing standards and continuous reporting obligations, offering greater transparency and investor protection.

  • OTC Tier: OTC Other
Liquidity: Given that Trustfeed Corp. trades on the OTC Other tier, liquidity is likely limited. This can result in wider bid-ask spreads and make it difficult to buy or sell shares without significantly impacting the price. Low trading volume can also increase volatility and make it challenging to execute large trades. Investors should be aware of these liquidity constraints and consider their potential impact on investment outcomes.
OTC Risk Factors:
  • Limited financial disclosure increasing information asymmetry.
  • Low trading volume and liquidity challenges.
  • Higher price volatility due to speculative trading.
  • Potential for fraud or manipulation due to less regulatory oversight.
  • Going concern risk due to negative profitability.
Due Diligence Checklist:
  • Verify the company's legal standing and registration.
  • Obtain and review any available financial statements.
  • Assess the company's business model and competitive landscape.
  • Evaluate the management team's experience and track record.
  • Understand the risks associated with OTC trading.
  • Consult with a financial advisor before investing.
  • Check for any regulatory actions or legal issues.
Legitimacy Signals:
  • Company has been in operation since 2000.
  • Healthmed Services Ltd. provides a tangible service in healthcare communication.
  • Company has a gross margin of 51.2%.

Trustfeed Corp. Financial Services Stock: Key Questions Answered

What happened to Trustfeed Corp. (TRFE) stock?

Trustfeed Corp. (TRFE) no longer trades on public markets. It was delisted in November 2024. The figures below are historical and are not a current quote.

Can I still buy TRFE shares?

No. TRFE stopped trading on public markets in November 2024, so the shares are not available through a broker. Anything you see quoted for TRFE elsewhere is historical data, not a live market.

Are the figures on this page current?

No. Every number here is the last value recorded before TRFE stopped trading. Nothing on this page updates, and none of it is a current quote.

Why does this page still exist?

Because people still search for what happened to Trustfeed Corp.. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.

What does Trustfeed Corp. do?

Trustfeed Corp., through its subsidiary Healthmed Services Ltd., provides communication technology solutions to facilitate access to medical advice, information, and services. The company offers telephone and web-based platforms that connect individuals, companies, and healthcare provider organizations. Its business model focuses on streamlining healthcare communication and improving access to remote medical services. The company operates in the financial services sector as a shell company with a focus on healthcare technology.

What do analysts say about TRFE stock?

There is currently no available analyst coverage for Trustfeed Corp. (TRFE). Given its status as an OTC-traded shell company with negative profitability, it is unlikely to attract significant analyst attention. Investors should conduct their own due diligence and carefully consider the risks associated with investing in TRFE.

What are the main risks for TRFE?

The main risks for Trustfeed Corp. (TRFE) include intense competition from larger healthcare technology companies, regulatory changes impacting the telehealth industry, and its negative profitability and high losses. As an OTC-traded shell company, TRFE faces additional risks related to limited financial disclosure, low trading volume, and potential for fraud or manipulation.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Official Resources

Analysis updated
Data Sources & Methodology
Market data powered by Financial Modeling Prep & Yahoo Finance. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.

Analysis Notes
  • Information is based on available data and may be limited due to the company's OTC status.
  • Financial data is based on the most recent available information and may not be up-to-date.
Data Sources

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