Revenue
Update on Medical Transcription Billing Corp(NASDAQ:MTBC)
Medical Transcription Billing Corp(NASDAQ:MTBC)
announced the earnings results for Fiscal Year 2015 and Q4. The results came in
during Pre-market on Mar 24, 2016. Company reported revenue of $5.36M. Analysts
estimated a revenue of $5.30M. Earnings per share were $0.01. Analysts had
estimated an EPS of $-0.14.
Medical
Transcription Billing Corp (MTBC) shares turned negative on Wednesdays trading
session with the shares closing down -0.02 points or -1.80% at a volume of
7,783. The pessimistic mood was evident in the company shares which never went
considerably beyond the level of $1.09. The peak price level was also seen at
$1.09 while the days lowest was $1.06. Finally the shares closed at $1.09. The
52-week high of the shares is $2.4999 while the 52-week low is $0.678.
According to the latest information available, the market cap of the company is
$11 M.
The company shares have dropped -60.96% in the past 52
weeks.On Mar 25, 2015, the shares registered one year high of $2.75 and one
year low was seen on Mar 1, 2016 at $0.68. The 50-day moving average is $0.86
and the 200 day moving averge is recorded at $1.34. S&P 500 has seen a
change of -2.61% during the last 52-weeks.
Several Insider Transactions has been reported to the
SEC. On Dec 1, 2015, Stephen Andrew Snyder (President) purchased 5,000 shares
at $1.33 per share price.Also, On Dec 1, 2015, Mahmud Ul Haq (CEO) purchased
20,000 shares at $1.34 per share price.On Nov 6, 2015, Bill Korn (CFO)
purchased 800 shares at $25.00 per share price, according to the Form-4 filing
with the securities and exchange commission.
Medical Transcription Billing Corp. (MTBC) 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 settings. The Company’s flagship offering
PracticePro empowers healthcare practices with the core software and business
services they need to address industry challenges on one unified
Software-as-a-Service (SaaS) platform. PracticePro consists of practice
management software and related tools which facilitate the day-to-day operation
of a medical practice; electronic health records (EHR) which allow customers to
reduce paperwork and qualify for government incentives; revenue cycle
management (RCM) services which include end-to-end medical billing analytics
and related services and mobile Health (mHealth) solutions including smartphone
applications that assist patients and healthcare providers in the provision of
healthcare services.
Resource:
http://www.streetedition.net/revenue-update-on-medical-transcription-billing-corpnasdaqmtbc/6471986/
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