Mahmud Haq (Insider Trades), CEO of Medical Transcription Billing Corp. (MTBC), bought 20,000 shares of the company on Nov. 30. The average price per share was $1.34 for a total transaction cost of $26,800. Medical Transcription Billing provides web-based electronic health records, practice management and mHealth solutions. The company has a market cap of $15.71 million and a P/S ratio of 0.50.
The total volume of insider buys increased from 2014 to 2015, correlating to a decrease in month-end price for the company. There were only two insider buys of MTBC during 2015, amounting to 25,000 shares total. This is higher than the average of 3,566 shares per transaction bought by MTBC insiders in 2014. Haq made one transaction in 2014 of 2,050 shares at an average per share price of $3.34. This transaction has decreased by about 50% in value since then. Steven Snyder (Insider Trades), president of MTBC, bought 5,000 shares on Nov. 30 at an average per share price of $1.33. Snyder also bought 1,000 shares of the company in July 2014, at an average per share price of $5.00. 
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The company reported net revenue of $5.613 million in the third quarter of 2015, down from $6.013 million in the corresponding quarter of 2014. Net loss also decreased from $2.841 million, or 34 cents per share, to $1.233 million, or 13 cents per share. On Nov. 24, MTBC’s board declared a monthly cash dividend for its 11% Series A Preferred Stock for November 2015 through February 2016. Dividends are payable on the 15th day of each month. Dividends for this period of time increased from 20.625 cents per share in November, to 22.917 cents per share for the remainder of the time. 
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