Medical Transcription Billing, Corp. (NASDAQ:MTBC) released its quarterly 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, Morningstar.com reports. The firm had revenue of $7.79 million for the quarter. Medical Transcription Billing, Corp. had a negative net margin of 32.88% and a negative return on equity of 59.52%.

Medical Transcription Billing, Corp. (NASDAQ MTBC) traded up 4.8401% on Tuesday, reaching $1.4101. 473,064 shares of the company were exchanged. Medical Transcription Billing, Corp. has a 12-month low of $0.29 and a 12-month high of $3.84. The stock’s market capitalization is $16.15 million. The company’s 50-day moving average price is $1.37 and its 200-day moving average price is $1.20.

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A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Medical Transcription Billing, Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. ValuEngine upgraded shares of Medical Transcription Billing, Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Chardan Capital upped their target price on shares of Medical Transcription Billing, Corp. from $1.85 to $2.25 and gave the company a “buy” rating in a research note on Monday, May 15th.

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.

Earnings History for Medical Transcription Billing, Corp. (NASDAQ:MTBC)

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