Shares of Medical Transcription Billing Corp (NASDAQ:MTBC) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports.
Analysts have set a 12 month consensus target price of $5.00 for the company, according to Zacks. Zacks has also given Medical Transcription Billing an industry rank of 93 out of 265 based on the ratings given to its competitors.
Several analysts have weighed in on MTBC shares. Zacks Investment Research downgraded Medical Transcription Billing from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. Chardan Capital boosted their price objective on Medical Transcription Billing from $2.25 to $2.75 and gave the company a “buy” rating in a research report on Tuesday, November 14th. Finally, ValuEngine downgraded Medical Transcription Billing from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd.
Shares of Medical Transcription Billing (MTBC) opened at $3.16 on Wednesday. The firm has a market capitalization of $36.44, a P/E ratio of -3.04 and a beta of 1.79. Medical Transcription Billing has a 12-month low of $0.29 and a 12-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.
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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