Medical Transcription Billing, Corp. (NASDAQ:MTBC) shares were down 13.1% during mid-day trading on Friday . The company traded as low as $2.40 and last traded at $3.02. Approximately 4,276,063 shares were traded during trading, an increase of 244% from the average daily volume of 1,243,750 shares. The stock had previously closed at $2.67.

A number of research analysts have recently issued reports on MTBC shares. Zacks Investment Research upgraded shares of Medical Transcription Billing, Corp. from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a report on Wednesday, August 16th. ValuEngine upgraded shares of Medical Transcription Billing, Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd.

The stock’s 50-day moving average price is $1.57 and its 200 day moving average price is $1.41. The firm’s market capitalization is $31.83 million.

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