Medical Transcription Billing (MTBC) Stock Price Up 10.1%
Medical Transcription Billing, Corp. (NASDAQ:MTBC) shares shot up 10.1% on Tuesday . The stock traded as high as $3.04 and last traded at $2.95. 630,734 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 1,160,547 shares. The stock had previously closed at $2.68.
A number of brokerages have issued reports on MTBC. Zacks Investment Research upgraded shares of Medical Transcription Billing from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. ValuEngine lowered shares of Medical Transcription Billing from a “hold” rating to a “sell” rating in a research report on Monday, December 4th. Finally, Chardan Capital increased their target price on shares of Medical Transcription Billing from $2.25 to $2.75 and gave the stock a “buy” rating in a research report on Tuesday, November 14th.
The company has a debt-to-equity ratio of 0.01, a current ratio of 1.15 and a quick ratio of 1.15.
In other Medical Transcription Billing news, President Stephen Andrew Snyder sold 50,000 shares of the stock in a transaction that occurred 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 transaction, the president now owns 106,000 shares in the company, valued at approximately $337,080. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mahmud Ul Haq bought 30,000 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were acquired at an average price of $2.93 per share, for a total transaction of $87,900.00. Following the transaction, the chief executive officer now owns 5,017,070 shares in the company, valued at $14,700,015.10. The disclosure for this purchase can be found here. Corporate insiders own 53.70% of the company’s stock.
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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