Technical Indicator Analysis for Medical Transcription Billing, Corp. (NASDAQ:MTBC)

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Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Medical Transcription Billing, Corp. (NASDAQ:MTBC) for the period of 9-Day stands at 38.49% while the stochastic %D for the same period stands at 39.6%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Medical Transcription Billing, Corp. (NASDAQ:MTBC) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for Medical Transcription Billing, Corp. (NASDAQ:MTBC) while 20-100 Day MACD Oscillator indicates “Buy”.

Bollinger band is a volatility indicator of a certain security, currently Medical Transcription Billing, Corp. (NASDAQ:MTBC)’s 20-Day Bollinger Band indicates “Hold”.

About Company

Medical Transcription Billing, Corp. is a healthcare information technology company. It engages in providing integrated suite of proprietary web-based solutions, together with related business services, to healthcare providers practicing in ambulatory care settings. The Company offers revenue cycle, practice management services, patient scheduling, automated appointment reminders, e-prescribing, lab connectivity, and real-time insurance eligibility verification. Transcription Billing, Corp. is headquartered in Somerset, New Jersey.

Previous Day Activity Analysis

On the last trading day, Medical Transcription Billing, Corp. (NASDAQ:MTBC) opened the session at $3.02 and after going up 0.66% closed at $3.05. The stock gained 0.03 points in the last trade.

Medical Transcription Billing, Corp. (NASDAQ:MTBC)’s stock fluctuated in the range of $2.81 and $3.33 during the previous active session. Medical Transcription Billing, Corp. (NASDAQ:MTBC) traded with the volume of 1.24 Million with average volume of 1.53 Million. The stock has MEDIUM volatility on the last trading session.

Currently the Beta for the company remains at 0 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.44 and 64.13 respectively.

Currently the Insider Ownership of the shares of Medical Transcription Billing, Corp. (NASDAQ:MTBC) is at 3.6% and the shares outstanding are 12.22 Million.

Important Ratio Analysis

Some important ratios to consider here for Medical Transcription Billing, Corp. (NASDAQ:MTBC) are discussed below:

Dividend yield of Medical Transcription Billing, Corp. (NASDAQ:MTBC) stands at 0% whereas Price to Earnings P/E ratio stands at 0 while Forward P/E shows the value of 0.

The Price to Sale P/S and Price to Book P/B shows the value of 1.23 and 7.26 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 31.06 and 0 correspondingly.

The Quick Ratio of Medical Transcription Billing, Corp. (NASDAQ:MTBC) stands at 0.4 while the Current Ratio depicts the value of 0.4.

Return on Assets ROA of Medical Transcription Billing, Corp. (NASDAQ:MTBC) is at -37.3% whereas, Return on Equity ROE and Return of Investment ROI of Medical Transcription Billing, Corp. (NASDAQ:MTBC) stand at -113.3% and -38.4% respectively.

Stock Performance Analysis

The stock performance of Medical Transcription Billing, Corp. (NASDAQ:MTBC) on the basis of 5 day trade show the dip of -7.29% whereas, the monthly performance of the stock shows increase of 104.7%.

The quarterly performance of the stock remained in green zone with the value of 152.07% while six month performance of the shares of Medical Transcription Billing, Corp. (NASDAQ:MTBC) remained bullish with the count of 535.42%.

The yearly and YTD performance of Medical Transcription Billing, Corp. (NASDAQ:MTBC) remained up at 274% and 320.69% respectively.

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