Insider Selling: Medical Transcription Billing Corp (NASDAQ:MTBC) Director Sells 10,000 Shares of Stock

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.

Hedge funds have recently made changes to their positions in the business. Virtu Financial LLC bought a new position in shares of Medical Transcription Billing during the third quarter worth $101,000. Level Four Advisory Services LLC boosted its position in shares of Medical Transcription Billing by 168.3% during the fourth quarter. Level Four Advisory Services LLC now owns 29,650 shares of the technology company’s stock worth $113,000 after purchasing an additional 18,600 shares in the last quarter. Hancock Whitney Corp bought a new position in shares of Medical Transcription Billing during the fourth quarter worth $138,000. Dimensional Fund Advisors LP boosted its position in shares of Medical Transcription Billing by 33.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 37,273 shares of the technology company’s stock worth $142,000 after purchasing an additional 9,364 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Medical Transcription Billing by 23.3% during the fourth quarter. Geode Capital Management LLC now owns 37,854 shares of the technology company’s stock worth $143,000 after purchasing an additional 7,160 shares in the last quarter. 6.19% of the stock is currently owned by hedge funds and other institutional investors.

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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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Insider Buying and Selling by Quarter for Medical Transcription Billing (NASDAQ:MTBC)

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