Medical Transcription Billing, Corp. (NASDAQ:MTBC) traded up 7.9% on Monday . The stock traded as high as $3.14 and last traded at $3.00. 1,720,426 shares traded hands during trading, an increase of 30% from the average session volume of 1,326,170 shares. The stock had previously closed at $2.78.

Several equities research analysts recently weighed in on the stock. ValuEngine downgraded shares of Medical Transcription Billing, Corp. from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Zacks Investment Research raised shares of Medical Transcription Billing, Corp. from a “hold” rating to a “buy” rating and set a $1.50 target price on the stock in a research note on Wednesday, August 16th.

The company’s 50 day moving average price is $1.69 and its 200 day moving average price is $1.47. The stock’s market cap is $32.75 million.

Medical Transcription Billing, Corp. (NASDAQ:MTBC) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.15. 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%. On average, analysts anticipate that Medical Transcription Billing, Corp. will post ($0.69) earnings per share for the current year.

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Medical Transcription Billing, Corp. 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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