Medical Transcription Billing Corp (MTBC) Releases Quarterly Earnings, Beats Estimates By $0.04 EPS
Medical Transcription Billing Corp (NASDAQ:MTBC) released its earnings data on Wednesday. The company reported ($0.01) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.05) by $0.04, Stock Ratings Network.com reports. The company had revenue of $2.60 million for the quarter, compared to the consensus estimate of $2.60 million.
Shares of Medical Transcription Billing Corp (NASDAQ:MTBC) opened at 3.47 on Wednesday. Medical Transcription Billing Corp has a 52-week low of $3.00 and a 52-week high of $5.00. The stock’s 50-day moving average is $3.5 and its 200-day moving average is $3.5. The company’s market cap is $38.1 million.
On a related note, analysts at Chardan Capital initiated coverage on shares of Medical Transcription Billing Corp in a research note on Wednesday, August 13th. They set a “buy” rating and a $11.00 price target on the stock.
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.
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