CareCloud Stock Surges Over 27% On Narrower Net Loss And Revenue Growth

(RTTNews) - CareCloud, Inc. (CCLD) is currently trading at $2.23, up $0.48 or 27.38 percent during Tuesday's trading, after reporting first-quarter results that showed a return to profitability. The company posted revenue of $27.6 million, a 6 percent increase from $26.0 million in the same quarter last year. Net income came in at $1.9 million, compared to a net loss of $241,000.

The stock opened at $2.03 and has moved between $1.80 and $2.44 so far today on the Nasdaq. It previously closed at $1.75. Trading volume has surged to 4.7 million shares, well above the average of 990,538.

CareCloud shares have traded between $1.04 and $4.84 over the past 52 weeks.