Medical Transcription Billing, Corp. (NASDAQ:MTBC) Raised to “Hold” at ValuEngine

Medical Transcription Billing, Corp. (NASDAQ:MTBC) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Wednesday, August 2nd.

Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded Medical Transcription Billing, Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, May 30th. Chardan Capital upped their price target on Medical Transcription Billing, Corp. from $1.85 to $2.25 and gave the company a “buy” rating in a research note on Monday, May 15th.

Medical Transcription Billing, Corp. (MTBC) traded up 3.17% on Wednesday, hitting $1.30. The stock had a trading volume of 555,850 shares. The company has a 50-day moving average of $1.38 and a 200 day moving average of $1.19. The company’s market cap is $14.89 million. Medical Transcription Billing, Corp. has a 12 month low of $0.29 and a 12 month high of $3.84.

Medical Transcription Billing, Corp. (NASDAQ:MTBC) last issued its earnings results on Thursday, August 3rd. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.15. The company had revenue of $7.79 million during the quarter. Medical Transcription Billing, Corp. had a negative return on equity of 59.52% and a negative net margin of 32.88%. On average, analysts predict that Medical Transcription Billing, Corp. will post ($0.69) EPS for the current fiscal 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.

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

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