CareCloud (NASDAQ:CCLDO) Shares Up 0.6% – Time to Buy?

CareCloud, Inc. (NASDAQ:CCLDO)’s share price shot up 0.6% during mid-day trading on Friday . The company traded as high as $21.50 and last traded at $21.42. 2,524 shares were traded during mid-day trading, a decline of 67% from the average session volume of 7,765 shares. The stock had previously closed at $21.30.

CareCloud Price Performance

The stock’s fifty day simple moving average is $21.49 and its 200-day simple moving average is $20.16.

CareCloud (NASDAQ:CCLDO) last issued its earnings results on Monday, March 14th. The company reported $0.37 earnings per share (EPS) for the quarter. The company had revenue of $32.04 million during the quarter.

CareCloud Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a $0.1823 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 10.2%.

CareCloud Company Profile

CareCloud, Inc, a healthcare information technology (IT) company, provides a suite of cloud-based solutions and related business services to healthcare providers and hospitals primarily in the United States. It operates in two segments, Healthcare IT and Medical Practice Management. The company’s portfolio of proprietary software and business services includes technology-enabled business solutions; cloud-based software; digital health services; healthcare IT professional services and staffing; and medical practice management services.