NASDAQ:MTBC - Medical Transcription Billing Stock Price, Forecast & News

Medical Transcription Billing trades on the NASDAQ under the ticker symbol "MTBC."

Medical Transcription Billing Corp (NASDAQ:MTBC) posted its earnings results on Wednesday, November, 6th. The technology company reported ($0.14) earnings per share for the quarter, meeting the Zacks' consensus estimate of ($0.14). The technology company had revenue of $16.85 million for the quarter, compared to analyst estimates of $16.06 million. Medical Transcription Billing had a negative return on equity of 8.85% and a negative net margin of 5.01%. View Medical Transcription Billing's Earnings History.

Medical Transcription Billing is scheduled to release their next quarterly earnings announcement on Wednesday, March 18th 2020. View Earnings Estimates for Medical Transcription Billing.

Medical Transcription Billing issued an update on its FY 2019 earnings guidance on Tuesday, October, 15th. The company provided EPS guidance of for the period. The company issued revenue guidance of $62.677 million, compared to the consensus revenue estimate of $64.4 million.

4 brokers have issued 12 month price objectives for Medical Transcription Billing's shares. Their forecasts range from $6.00 to $6.25. On average, they anticipate Medical Transcription Billing's share price to reach $6.08 in the next year. This suggests a possible upside of 43.8% from the stock's current price. View Analyst Price Targets for Medical Transcription Billing.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Medical Transcription Billing in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Medical Transcription Billing.

News stories about MTBC stock have been trending somewhat positive on Thursday, InfoTrie reports. The research firm rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Medical Transcription Billing earned a media sentiment score of 1.3 on InfoTrie's scale. They also assigned press coverage about the technology company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Medical Transcription Billing.

Medical Transcription Billing saw a decrease in short interest in November. As of November 15th, there was short interest totalling 42,000 shares, a decrease of 64.7% from the October 31st total of 119,000 shares. Based on an average daily volume of 29,800 shares, the short-interest ratio is presently 1.4 days. Approximately 0.7% of the company's stock are sold short. View Medical Transcription Billing's Current Options Chain.

Some companies that are related to Medical Transcription Billing include Red Violet (RDVT), Iclick Interactive Asia Group (ICLK), Smith Micro Software (SMSI), Inspired Entertainment (INSE), MAM Software Group (MAMS), SharpSpring (SHSP), Great Elm Capital Group (GEC), Cyren (CYRN), Gridsum (GSUM), Aware (AWRE), Mobivity (MFON), Astea International (ATEA), NetSol Technologies (NTWK), Audioeye (AEYE) and Where Food Comes From (WFCF).

Based on aggregate information from My MarketBeat watchlists, some companies that other Medical Transcription Billing investors own include BlackBerry (BB), NVIDIA (NVDA), Sophiris Bio (SPHS), Verastem (VSTM), Advanced Micro Devices (AMD), Microbot Medical (MBOT), Micron Technology (MU), Alibaba Group (BABA), Etsy (ETSY) and Interpace Diagnostics Group (IDXG).

Shares of MTBC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of MTBC stock can currently be purchased for approximately $4.23.

Medical Transcription Billing has a market capitalization of $51.69 million and generates $50.55 million in revenue each year. The technology company earns $-2,140,000.00 in net income (profit) each year or ($0.59) on an earnings per share basis. Medical Transcription Billing employs 2,400 workers across the globe.View Additional Information About Medical Transcription Billing.

The official website for Medical Transcription Billing is http://www.mtbc.com/.

Medical Transcription Billing's mailing address is 7 CLYDE ROAD, SOMERSET NJ, 08873. The technology company can be reached via phone at 732-873-5133.