Medical Transcription Billing Corp (NASDAQ:MTBC) insider Mahmud Ul Haq sold 179,000 shares of the stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $5.00, for a total transaction of $895,000.00. Following the transaction, the insider now directly owns 4,902,070 shares of the company’s stock, valued at $24,510,350. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of MTBC stock traded down $0.03 during trading on Friday, reaching $4.65. 20,689 shares of the company’s stock traded hands, compared to its average volume of 42,797. The company has a current ratio of 2.53, a quick ratio of 2.49 and a debt-to-equity ratio of 0.07. The stock has a 50-day moving average price of $4.81. Medical Transcription Billing Corp has a 1 year low of $3.25 and a 1 year high of $5.65.
Medical Transcription Billing (NASDAQ:MTBC) last announced its quarterly earnings results on Wednesday, May 8th. The technology company reported ($0.15) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.10. The company had revenue of $15.08 million for the quarter, compared to analysts’ expectations of $14.65 million. Medical Transcription Billing had a negative net margin of 6.22% and a negative return on equity of 10.79%. On average, equities analysts predict that Medical Transcription Billing Corp will post -0.48 EPS for the current year.
Several hedge funds have recently made changes to their positions in MTBC. Hancock Whitney Corp purchased a new stake in shares of Medical Transcription Billing during the 4th quarter valued at approximately $138,000. Dimensional Fund Advisors LP lifted its stake in shares of Medical Transcription Billing by 33.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 37,273 shares of the technology company’s stock valued at $142,000 after buying an additional 9,364 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Medical Transcription Billing by 23.3% during the 4th quarter. Geode Capital Management LLC now owns 37,854 shares of the technology company’s stock valued at $143,000 after buying an additional 7,160 shares in the last quarter. Institutional investors own 6.45% of the company’s stock.
Medical Transcription Billing 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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