Medical Transcription Billing, Corp. (MTBC) Shares Up 6.2%

Medical Transcription Billing, Corp. (NASDAQ:MTBC) shot up 6.2% during mid-day trading on Wednesday . The stock traded as high as $3.29 and last traded at $3.36. 1,137,956 shares were traded during trading, a decline of 28% from the average session volume of 1,575,600 shares. The stock had previously closed at $3.16.

Several brokerages recently issued reports on MTBC. Zacks Investment Research lowered shares of Medical Transcription Billing, Corp. from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine lowered shares of Medical Transcription Billing, Corp. from a “hold” rating to a “sell” rating in a report on Monday, October 2nd.

Medical Transcription Billing, Corp. (NASDAQ:MTBC) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.15. Medical Transcription Billing, Corp. had a negative net margin of 32.88% and a negative return on equity of 59.52%. The business had revenue of $7.79 million for the quarter.

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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.

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