Date : June 20, 2017

New Opportunity:  Medical Imaging Corp. (OTCMKTS: MEDD)

With the market continuing to breakout, and new speculative money flowing into stocks down the market cap ladder, microcaps are back in vogue in a huge way right now.

That’s nowhere more apparent than in the true leadership spec plays. Today’s new pick is a perfect example:

MEDD is an innovator in the medical imaging space that trades on a tiny share float (12M shares), is nearing potential profitability with strong revenues in place, and a major technical breakout already underway.

This is what we love to see.

Symbol:  MEDD

Company:  Medical Imaging Corp.

Quote:  http://finance.yahoo.com/q?s=MEDD

Latest News:  http://finance.yahoo.com/q/h?s=MEDD+Headlines

Company Website:  http://www.medimagingcorp.com

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Who is MEDD

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Medical Imaging Corp. (OTCMKTS: MEDD) specializes in the acquisition of existing medical imaging businesses that have a proven track record, large physician referral base, expedient insurance payees, modern equipment and room for expansion.

Currently MEDD has 5 operating subsidiaries: SMI, located in Pennsylvania, which provides MRI, CT & X-ray scans.

Partners Imaging Centers of Venice (PV), Charlotte (PC) and Naples (PN), which are located on the west coast of Florida and offer MRI, CT and other medical scans and CTS a Teleradiology company, which is the process of assessing and reporting on radiology images, such as X-rays, CTs, and MRIs, from remote locations.

Currently MEDD has approximately 35 direct employees and 40 consulting radiologists.

The big idea here is this: just as customer service call centers have become ubiquitous due to the simple fact that customer service expertise does not have to be located on site to do good business, we are also seeing medical imaging analysis move off-site from hospitals. MEDD is one of the real leaders in this wave of innovation.

The company recently posted strong financial data, with revenues over $7M and growing and the overall net loss shrinking by 18% both on a y/y basis. The company is rapidly nearing overall profitability according the latest data.

Commenting on the results, Mitch Geisler, MEDD CEO, stated, “We continue to focus on building our brand and laying a strong foundation for a growing medical imaging company.  Organic growth within our current centers and radiology service businesses, has allowed us to increase revenue.  Over the course of the last year, we have developed a flagship location and have devoted resources to ensure current and future locations meet the same standards of care and commitment to our patients and communities. We look forward to another year of growth and continued acquisitions that meet our criteria and expectations.”

Recent Catalysts

Most recently, the company just announced that its subsidiary, Custom Teleradiology Service, has signed a new client hospital. The release notes that “installation and set-up are now underway and radiology reading will commence in July. Coverage will be specific to seven nights per week for overnight reading… The contract specializes in emergency after hours CT service. CT’s are a high paying modality that will benefit CTS. The contract provides a 60 minute turnaround time for all emergencies and 30 minutes for stroke patients. CT’s are critical in diagnosing many patients in the ER.”

The company also recently announced the expansion of services at its Naples, Florida facility. The gist of this story is that the company added an Ultrasound unit at the location. According to the release, “the use of Ultrasound allows the center to continue to be competitive in the market place and expand the potential revenue stream. Ultrasound is a specialized and in-demand imaging modality requiring a specially trained technologist.”

“Meeting the needs of the local community and our referring physicians is of paramount importance,” said Mitch Geisler, CEO. “Many of our CT referrals require an Ultrasound first to determine certain medical conditions. This will allow our Naples center to enhance the services we offer in order to be a complete diagnostic imaging facility.”

The theme throughout is that of “expansion”: New clientele, new plant, more business. That all suggests that the turn to true profitability may not be far off at all. The chart tells a similar story.

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Technical Analysis

With a float of just 12M shares, MEDD stock is primed for a potential explosive extension higher as more and more folks catch wind of the story.

Already we have seen a major range and moving average breakout in recent weeks. And that move has been accompanied by a huge increase in average trading volume. We like to see this amid rising prices because it shows dollar volume that is growing even more rapidly, suggesting that the stock is starting to court more important tranches of investor capital.

The major moving averages are now “chasing” the stock from below on a rising basis. This follows a consolidative period where shares were contained at lower prices in thin trading. All of that bodes well for the sustainability of the current upward trend.

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About MEDD

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MEDD (Medical Imaging Corp.) specializes in the acquisition of exisiting medical imaging businesses that have a proven track record, large physician referral base, expedient insurance payees, modern equipment and room for expansion.

Currently MEDD has 5 operating subsidiaries: SMI, located in Pennsylvania, which provides MRI, CT & X-ray scans.

Partners Imaging Centers of Venice (PV), Charlotte (PC) and Naples (PN), which are located on the west coast of Florida and offer MRI, CT and other medical scans and CTS a Teleradiology company, which is the process of assessing and reporting on radiology images, such as X-rays, CTs, and MRIs, from remote locations.

Currently MEDD has approximately 35 direct employees and 40 consulting radiologists.

What You Need To Know

  • MEDD is an expanding business, with a growing clientele list and an expansionary mindset.
  • MEDD has a small trading float of just 12M, which suggests the stock could launch higher on any additional influx of interest.
  • MEDD is making real money, with trailing revs already coming in at $7.1M.
  • MEDD saw its latest financial data reveal a big drop in net loss, suggesting that true profitability may be close at hand.
  • MEDD is breaking out above recent range and moving average levels on sharply rising average dollar volume.
  • MEDD just recorded a MACD Bullish explosion, suggesting a technical confirmation of the upward trend.

Conclusion

MEDD is exactly what we have been looking for: real audited financial data showing strong and growing revenues and a shot at true profitability in coming quarters, expanding clientele and resources, cash on hand, and a clear signal from the market that investors are chasing the stock with the recent breakout.
The tiny float is that added element that brings an explosive extension into play as a possibility. Check it out!

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DISCLAIMER:

We do not advise any reader take any specific action. Losses can be larger than expected if the company experiences any problems with liquidity or wide spreads. Our website and newsletter are for entertainment purposes only. Never invest purely based on our alerts. Gains mentioned in our newsletter and on our website may be based on end-of-day or intraday data. This publication and their owners and affiliates may hold positions in the securities mentioned in our alerts, which we may sell at any time without notice to our subscribers, which may have a negative impact on share prices. If we own any shares we will list the information relevant to the stock and number of shares here. Fastmovingstocks owns no shares of any of the companies mentioned here within, nor intends to buy any in the future. Fastmovingstocks has been compensated total of two thousand dollars by to perform two day investors awareness advertisement on MEDD

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