Acadian Asset Management LLC bought a new stake in shares of MIND C.T.I. Ltd. (NASDAQ:MNDO) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 104,654 shares of the information technology services provider’s stock, valued at approximately $227,000.
MNDO opened at $2.16 on Friday. The company has a market capitalization of $41.37 million, a price-to-earnings ratio of 9.73 and a beta of 0.98. MIND C.T.I. Ltd. has a 12-month low of $2.08 and a 12-month high of $2.87.
MIND C.T.I. (NASDAQ:MNDO) last released its earnings results on Thursday, July 26th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $4.56 million for the quarter. MIND C.T.I. had a return on equity of 23.71% and a net margin of 28.58%.
MIND C.T.I. Ltd., together with its subsidiaries, designs, develops, markets, supports, implements, and operates real-time and off-line convergent billing and customer care software solutions in the United States, the United Kingdom and Rest of Europe, Israel, and internationally. The company offers billing and customer care solution that supports various services, such as voice, data, and content services, as well as prepaid, postpaid, and pay-in-advance payment models in a single platform.
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