ValuEngine upgraded shares of Medical Transcription Billing (NASDAQ:MTBC) from a sell rating to a hold rating in a research note released on Tuesday.

Several other equities analysts also recently issued reports on MTBC. Zacks Investment Research raised shares of Medical Transcription Billing from a sell rating to a hold rating in a report on Thursday, November 23rd. Chardan Capital increased their price objective on shares of Medical Transcription Billing from $2.25 to $2.75 and gave the company a buy rating in a report on Tuesday, November 14th.

Shares of Medical Transcription Billing (NASDAQ MTBC) opened at $3.88 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.15 and a quick ratio of 1.15. Medical Transcription Billing has a 52-week low of $0.29 and a 52-week high of $5.44.

In related news, CEO Mahmud Ul Haq acquired 30,000 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were acquired at an average cost of $2.93 per share, with a total value of $87,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 5,017,070 shares in the company, valued at approximately $14,700,015.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 53.70% of the company’s stock.

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About Medical Transcription Billing

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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