Medical Transcription Billing (MTBC) Lifted to Hold at ValuEngine

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

MTBC has been the subject of a number of other reports. Zacks Investment Research downgraded Medical Transcription Billing from a buy rating to a hold rating in a research note on Saturday, January 6th. Chardan Capital upped their price objective on Medical Transcription Billing from $2.25 to $2.75 and gave the stock a buy rating in a research note on Tuesday, November 14th.

Medical Transcription Billing (NASDAQ:MTBC) opened at $3.89 on Tuesday. The company has a market capitalization of $42.55, a price-to-earnings ratio of -3.70 and a beta of 1.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.15 and a current ratio of 1.15. Medical Transcription Billing has a 52 week low of $0.29 and a 52 week high of $5.44.

In other Medical Transcription Billing news, CEO Mahmud Ul Haq purchased 30,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was bought at an average price of $2.93 per share, with a total value of $87,900.00. Following the completion of the purchase, the chief executive officer now owns 5,017,070 shares in the company, valued at approximately $14,700,015.10. The transaction was disclosed in a document filed with the SEC, which can be accessed 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.

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

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