Medical Transcription Billing, Corp. (NASDAQ:MTBC) had its target price boosted by equities researchers at Chardan Capital from $2.25 to $2.75 in a research note issued on Tuesday. The brokerage currently has a “buy” rating on the technology company’s stock. Chardan Capital’s price objective would suggest a potential upside of 11.34% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Medical Transcription Billing, Corp. from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a research note on Wednesday, August 16th. ValuEngine raised shares of Medical Transcription Billing, Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd.

Medical Transcription Billing, Corp. (MTBC) opened at $2.47 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.15 and a current ratio of 1.15. Medical Transcription Billing, Corp. has a one year low of $0.29 and a one year high of $5.44.

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In related news, President Stephen Andrew Snyder sold 50,000 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $3.18, for a total transaction of $159,000.00. Following the transaction, the president now owns 106,000 shares in the company, valued at $337,080. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 53.50% of the stock is owned by insiders.

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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