Today, Zacks: Brokerages Set $3.05 Target Price for Medical Transcription Billing Corp (NASDAQ:MTBC)

Today, Zacks: Brokerages Set $3.05 Target Price for Medical Transcription Billing Corp (NASDAQ:MTBC)

Shares of Medical Transcription Billing Corp (NASDAQ:MTBC) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Analysts have set a one year consensus price objective of $3.05 for the company, according to Zacks. Zacks has also assigned Medical Transcription Billing Corp an industry rank of 73 out of 265 based on the ratings given to its competitors.

MTBC has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Medical Transcription Billing Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, August 17th. Chardan Capital reiterated a “buy” rating on shares of Medical Transcription Billing Corp in a research report on Sunday, August 14th.

Shares of Medical Transcription Billing Corp (NASDAQ:MTBC) traded down 1.000% during trading on Thursday, hitting $0.891. 223 shares of the stock were exchanged. The firm has a 50 day moving average price of $0.90 and a 200 day moving average price of $0.94. Medical Transcription Billing Corp has a 52 week low of $0.68 and a 52 week high of $2.13. The firm’s market capitalization is $8.90 million.

Medical Transcription Billing Corp (NASDAQ:MTBC) last posted its quarterly earnings data on Thursday, August 11th. The company reported ($0.03) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.10. The company earned $5.20 million during the quarter, compared to the consensus estimate of $6.30 million. Analysts forecast that Medical Transcription Billing Corp will post ($0.54) EPS for the current fiscal year.

About Medical Transcription Billing Corp

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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