ValuEngine downgraded shares of Medical Transcription Billing, Corp. (NASDAQ:MTBC) from a hold rating to a sell rating in a report released on Monday morning.

Separately, Zacks Investment Research raised shares of Medical Transcription Billing, Corp. from a sell rating to a hold rating in a research report on Wednesday, July 19th.

Shares of Medical Transcription Billing, Corp. (MTBC) traded down 24.31% during midday trading on Monday, hitting $2.46. 3,198,213 shares of the stock were exchanged. Medical Transcription Billing, Corp. has a 12-month low of $0.29 and a 12-month high of $5.44. The firm has a 50 day moving average of $1.54 and a 200 day moving average of $1.40. The firm’s market cap is $28.17 million.

Medical Transcription Billing, Corp. (NASDAQ:MTBC) last posted its earnings results on Thursday, August 3rd. The technology company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $7.79 million for the quarter. Equities analysts forecast that Medical Transcription Billing, Corp. will post ($0.69) EPS for the current fiscal year.

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About Medical Transcription Billing, Corp.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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