Medical Transcription Billing Corp (NASDAQ:MTBC) – Stock analysts at Seethru Equity cut their FY2016 earnings estimates for shares of Medical Transcription Billing Corp in a research note issued to investors on Monday. Seethru Equity analyst A. Tandon now expects that the brokerage will earn ($0.50) per share for the year, down from their prior forecast of ($0.40). Seethru Equity also issued estimates for Medical Transcription Billing Corp’s FY2017 earnings at ($0.23) EPS.

Medical Transcription Billing Corp (NASDAQ:MTBC) last released its quarterly earnings results on Thursday, August 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.10. The firm earned $5.20 million during the quarter, compared to analyst estimates of $6.30 million.

A number of other research firms have also weighed in on MTBC. Zacks Investment Research lowered shares of Medical Transcription Billing Corp from a “buy” rating to a “hold” rating in a report on Wednesday, August 17th. Chardan Capital restated a “buy” rating on shares of Medical Transcription Billing Corp in a report on Sunday, August 14th.

Medical Transcription Billing Corp (NASDAQ:MTBC) traded down 2.26% during mid-day trading on Wednesday, hitting $0.81. The company’s stock had a trading volume of 43,747 shares. The firm has a 50 day moving average of $0.90 and a 200-day moving average of $0.93. Medical Transcription Billing Corp has a 52-week low of $0.68 and a 52-week high of $1.78. The firm’s market cap is $8.09 million.

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.

5 Day Chart for NASDAQ:MTBC

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