Equities Analysts Issue Forecasts for Medical Transcription Billing Corp’s FY2016 Earnings (MTBC)
Medical Transcription Billing Corp (NASDAQ:MTBC) – Stock analysts at Seethru Equity reduced their FY2016 EPS estimates for shares of Medical Transcription Billing Corp in a research report issued on Monday. Seethru Equity analyst A. Tandon now expects that the brokerage will post earnings per share of ($0.50) for the year, down from their previous estimate of ($0.40). Seethru Equity also issued estimates for Medical Transcription Billing Corp’s FY2017 earnings at ($0.23) EPS.
Several other research analysts have also recently issued reports on MTBC. Zacks Investment Research cut 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 2.26% during midday trading on Wednesday, reaching $0.81. 43,747 shares of the company’s stock traded hands. The company’s market capitalization is $8.09 million. The stock’s 50 day moving average is $0.90 and its 200-day moving average is $0.93. Medical Transcription Billing Corp has a 52 week low of $0.68 and a 52 week high of $1.78.
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Medical Transcription Billing Corp (NASDAQ:MTBC) last announced its earnings results on Thursday, August 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.10. The business had revenue of $5.20 million for the quarter, compared to analyst estimates of $6.30 million.
Medical Transcription Billing Corp Company Profile
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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