Medical Transcription Billing (MTBC) Upgraded to Hold by ValuEngine

ValuEngine upgraded shares of Medical Transcription Billing (NASDAQ:MTBC) from a sell rating to a hold rating in a report issued on Tuesday morning.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research upgraded Medical Transcription Billing from a sell rating to a hold rating in a report on Thursday, November 23rd. Chardan Capital boosted their price target 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) opened at $3.89 on Tuesday. Medical Transcription Billing has a twelve month low of $0.29 and a twelve month high of $5.44. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market capitalization of $42.55, a P/E ratio of -3.70 and a beta of 1.98.

In related news, CEO Mahmud Ul Haq acquired 30,000 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was purchased at an average cost of $2.93 per share, for a total transaction of $87,900.00. Following the purchase, the chief executive officer now directly owns 5,017,070 shares in the company, valued at $14,700,015.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 53.70% of the stock is owned by corporate 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.

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