Medical Transcription Billing (NASDAQ:MTBC) issued its quarterly earnings results on Wednesday. The technology company reported ($0.09) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.09), Fidelity Earnings reports. Medical Transcription Billing had a positive return on equity of 0.49% and a negative net margin of 8.72%. The company had revenue of $8.68 million during the quarter, compared to analysts’ expectations of $8.39 million.
MTBC traded up $0.11 on Friday, reaching $4.42. 7,452 shares of the stock were exchanged, compared to its average volume of 300,190. Medical Transcription Billing has a fifty-two week low of $1.25 and a fifty-two week high of $5.44. The stock has a market cap of $55.41 million, a P/E ratio of -33.62 and a beta of 1.83.
A number of brokerages have commented on MTBC. Summer Street reaffirmed a “buy” rating on shares of Medical Transcription Billing in a research report on Saturday, May 5th. HC Wainwright set a $5.00 price target on Medical Transcription Billing and gave the stock a “buy” rating in a research report on Wednesday, May 16th. Chardan Capital reaffirmed a “buy” rating and set a $2.75 price target on shares of Medical Transcription Billing in a research report on Saturday, May 5th. Finally, ValuEngine raised Medical Transcription Billing from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Medical Transcription Billing currently has an average rating of “Buy” and an average price target of $3.92.
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.
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