Medical Transcription Billing, Corp. (MTBC) Rating Increased to Hold at Zacks Investment Research

Medical Transcription Billing, Corp. (NASDAQ:MTBC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “Medical Transcription Billing, Corp. is a healthcare information technology company. It engages in providing integrated suite of proprietary web-based solutions, together with related business services, to healthcare providers practicing in ambulatory care settings. The Company offers revenue cycle, practice management services, patient scheduling, automated appointment reminders, e-prescribing, lab connectivity, and real-time insurance eligibility verification. Transcription Billing, Corp. is headquartered in Somerset, New Jersey. “

Separately, ValuEngine upgraded Medical Transcription Billing, Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd.

Shares of Medical Transcription Billing, Corp. (NASDAQ MTBC) opened at 3.04 on Wednesday. The stock’s 50 day moving average price is $2.05 and its 200 day moving average price is $1.59. Medical Transcription Billing, Corp. has a 12-month low of $0.29 and a 12-month high of $5.44. The company’s market cap is $34.81 million.

Medical Transcription Billing, Corp. (NASDAQ:MTBC) last released its earnings results on Thursday, August 3rd. The technology company reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.15. The company had revenue of $7.79 million during the quarter. Medical Transcription Billing, Corp. had a negative return on equity of 59.52% and a negative net margin of 32.88%. On average, analysts forecast that Medical Transcription Billing, Corp. will post ($0.69) EPS for the current year.

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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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