Medical Transcription Billing Corp (NASDAQ:MTBC) Director John N. Daly sold 10,000 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $4.52, for a total transaction of $45,200.00. Following the sale, the director now directly owns 121,750 shares in the company, valued at $550,310. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Medical Transcription Billing stock traded up $0.08 during midday trading on Monday, reaching $4.94. The company had a trading volume of 43,953 shares, compared to its average volume of 64,359. Medical Transcription Billing Corp has a 1-year low of $3.24 and a 1-year high of $5.65. The firm has a market cap of $58.37 million, a P/E ratio of -8.37 and a beta of 1.67. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.20 and a quick ratio of 3.14.
A number of equities research analysts have issued reports on MTBC shares. HC Wainwright set a $6.00 price target on shares of Medical Transcription Billing and gave the company a “buy” rating in a report on Wednesday, January 23rd. Dougherty & Co began coverage on shares of Medical Transcription Billing in a research note on Friday, March 15th. They set a “buy” rating for the company. Finally, ValuEngine upgraded shares of Medical Transcription Billing from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 4th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Medical Transcription Billing currently has a consensus rating of “Buy” and a consensus price target of $4.38.
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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