Medical Transcription Billing (MTBC) Stock Price Down 5.4%

Medical Transcription Billing Corp (NASDAQ:MTBC) traded down 5.4% during mid-day trading on Thursday . The stock traded as low as $3.21 and last traded at $3.72. 464,350 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 552,196 shares. The stock had previously closed at $3.53.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Medical Transcription Billing from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Chardan Capital raised their target price on shares of Medical Transcription Billing from $2.25 to $2.75 and gave the stock a “buy” rating in a report on Tuesday, November 14th. HC Wainwright restated a “buy” rating and issued a $5.00 target price on shares of Medical Transcription Billing in a report on Thursday. Finally, ValuEngine upgraded shares of Medical Transcription Billing from a “sell” rating to a “hold” rating in a report on Tuesday, February 20th.

The company has a market cap of $42.69, a price-to-earnings ratio of -5.03 and a beta of 1.61. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.06 and a quick ratio of 1.15.

Medical Transcription Billing (NASDAQ:MTBC) last released its earnings results on Wednesday, March 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. The firm had revenue of $8.29 million during the quarter, compared to analyst estimates of $8.30 million. Medical Transcription Billing had a negative net margin of 17.50% and a negative return on equity of 10.97%.

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Medical Transcription Billing 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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