Medical Transcription Billing, Corp. (NASDAQ:MTBC) President Stephen Andrew Snyder sold 50,000 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $3.18, for a total transaction of $159,000.00. Following the sale, the president now owns 106,000 shares in the company, valued at $337,080. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Medical Transcription Billing, Corp. (NASDAQ:MTBC) traded down $0.41 during midday trading on Tuesday, reaching $2.60. 1,169,400 shares of the company’s stock were exchanged, compared to its average volume of 2,600,000. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.71 and a current ratio of 0.71. Medical Transcription Billing, Corp. has a one year low of $0.29 and a one year high of $5.44.

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Several analysts have recently commented on MTBC shares. ValuEngine downgraded shares of Medical Transcription Billing, Corp. from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Zacks Investment Research upgraded shares of Medical Transcription Billing, Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th.

About Medical Transcription Billing, Corp.

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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