Medical Transcription Billing, Corp. (MTBC) Trading Up 0.5%
Shares of Medical Transcription Billing, Corp. (NASDAQ:MTBC) were up 0.5% on Monday . The stock traded as high as $1.55 and last traded at $1.54. Approximately 362,545 shares changed hands during trading, a decline of 44% from the average daily volume of 650,927 shares. The stock had previously closed at $1.53.
Several analysts have recently weighed in on MTBC shares. Zacks Investment Research raised shares of Medical Transcription Billing, Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, May 30th. ValuEngine raised shares of Medical Transcription Billing, Corp. from a “sell” rating to a “hold” rating in a report on Friday, June 2nd.
The firm has a 50 day moving average of $1.46 and a 200-day moving average of $1.32. The stock’s market capitalization is $17.06 million.
Medical Transcription Billing, Corp. (NASDAQ:MTBC) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.15. Medical Transcription Billing, Corp. had a negative net margin of 32.88% and a negative return on equity of 59.52%. The company had revenue of $7.79 million during the quarter. On average, equities research analysts forecast that Medical Transcription Billing, Corp. will post ($0.69) EPS for the current year.
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Medical Transcription Billing, Corp. Company Profile
Medical Transcription Billing, Corp. is a healthcare information technology company that provides an integrated suite of Web-based solutions, together with related business services, to healthcare providers practicing in ambulatory care settings. The Company’s offering, PracticePro, allows healthcare practices with the core software and business services on Software-as-a-Service (SaaS) platform.
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