ValuEngine cut shares of Medical Transcription Billing (NASDAQ:MTBC) from a hold rating to a sell rating in a report released on Monday.

Several other analysts have also commented on MTBC. Zacks Investment Research raised Medical Transcription Billing from a hold rating to a buy rating and set a $1.50 price objective on the stock in a report on Wednesday, August 16th. Chardan Capital raised their price objective on Medical Transcription Billing from $2.25 to $2.75 and gave the company a buy rating in a report on Tuesday, November 14th.

Shares of Medical Transcription Billing (MTBC) traded down $0.02 on Monday, reaching $2.61. The company’s stock had a trading volume of 188,600 shares, compared to its average volume of 1,171,590. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.01. Medical Transcription Billing has a one year low of $0.29 and a one year high of $5.44.

In other news, CEO Mahmud Ul Haq purchased 30,000 shares of the stock in a transaction dated Friday, December 1st. The shares were purchased at an average cost of $2.93 per share, with a total value of $87,900.00. Following the completion of the purchase, the chief executive officer now directly owns 5,017,070 shares of the company’s stock, valued at approximately $14,700,015.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Stephen Andrew Snyder sold 50,000 shares of Medical Transcription Billing stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $3.18, for a total value of $159,000.00. Following the completion of the sale, the president now directly owns 106,000 shares in the company, valued at $337,080. The disclosure for this sale can be found here. 53.70% of the stock is currently owned by company insiders.

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About Medical Transcription Billing

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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