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Medical Transcription Billing, Corp. (NASDAQ:MTBC) Rating Lowered to Sell at ValuEngine
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A number of other equities analysts have also recently commented on MTBC. Zacks Investment Research raised Medical Transcription Billing, Corp. from a sell rating to a hold rating in a report on Thursday, June 8th. Chardan Capital boosted their price target on Medical Transcription Billing, Corp. from $1.85 to $2.25 and gave the stock a buy rating in a report on Monday, May 15th.
Shares of Medical Transcription Billing, Corp. (MTBC) opened at 1.68 on Monday. The firm’s market capitalization is $17.09 million. The stock has a 50 day moving average price of $1.40 and a 200-day moving average price of $1.15. Medical Transcription Billing, Corp. has a 52 week low of $0.29 and a 52 week high of $3.84.
Medical Transcription Billing, Corp. (NASDAQ:MTBC) last posted its quarterly 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 return on equity of 67.17% and a negative net margin of 32.88%. The company had revenue of $7.79 million during the quarter. On average, equities research analysts forecast that Medical Transcription Billing, Corp. will post ($0.75) earnings per share for the current 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.