SeeThruEquity has updated its coverage and increased its price target to $4 on shares of Medical Transcription Billing, Corp.’s (NASDAQ: MTBC) stock. The company recently reported financial results for the second quarter of 2017, including a 49% increase in revenues, year-over-year. MTBC also reported a 55% increase for the first half of 2017, with revenues of approximately $16 million. The company attributes this growth primarily to its largest acquisition, MediGain, and a higher rate of retention from MediGain customers than originally expected.
For more information, visit www.mtbc.com
About Medical Transcription Billing, Corp.
MTBC is a healthcare information technology company that provides a fully integrated suite of proprietary web-based solutions, together with related business services, to healthcare providers practicing in ambulatory care settings. The company’s integrated Software-as-a-Service (or SaaS) platform helps its customers increase revenues, streamline workflows and make better business and clinical decisions, while reducing administrative burdens and operating costs. MTBC’s common stock trades on the NASDAQ Capital Market under the ticker symbol “MTBC,” and its Series A Preferred Stock trades on the NASDAQ Capital Market under the ticker symbol “MTBCP.”
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