Medical Transcription Billing, Corp. (MTBC) Shares Up 6.5%
Medical Transcription Billing, Corp. (NASDAQ:MTBC)’s share price shot up 6.5% during trading on Tuesday . The company traded as high as $2.64 and last traded at $2.61. 900,500 shares were traded during mid-day trading, a decline of 25% from the average session volume of 1,204,215 shares. The stock had previously closed at $2.45.
A number of brokerages recently commented on MTBC. Zacks Investment Research upgraded shares of Medical Transcription Billing, Corp. from a “sell” rating to a “hold” rating in a research report on Thursday. Chardan Capital boosted their price objective on shares of Medical Transcription Billing, Corp. from $2.25 to $2.75 and gave the company a “buy” rating in a research report on Tuesday, November 14th. Finally, ValuEngine cut shares of Medical Transcription Billing, Corp. from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd.
The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.01.
In related news, President Stephen Andrew Snyder sold 50,000 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $3.18, for a total transaction of $159,000.00. Following the transaction, the president now owns 106,000 shares in the company, valued at $337,080. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 53.70% of the stock is owned by insiders.
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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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