MIND C.T.I. (NASDAQ:MNDO) Issues Quarterly Earnings Results

MIND C.T.I. (NASDAQ:MNDO) announced its quarterly earnings results on Monday. The information technology services provider reported $0.05 earnings per share (EPS) for the quarter, Morningstar.com reports. MIND C.T.I. had a return on equity of 28.47% and a net margin of 30.28%. The firm had revenue of $6.00 million during the quarter.

NASDAQ MNDO traded down $0.08 during trading hours on Tuesday, hitting $2.19. The company had a trading volume of 19,693 shares, compared to its average volume of 23,076. MIND C.T.I. has a fifty-two week low of $2.09 and a fifty-two week high of $2.50. The stock has a market cap of $44.38 million, a P/E ratio of 8.00 and a beta of 0.72. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.35 and a quick ratio of 2.35. The business’s 50 day moving average is $2.19.

A number of hedge funds and other institutional investors have recently made changes to their positions in MNDO. Seizert Capital Partners LLC acquired a new stake in MIND C.T.I. in the 2nd quarter valued at $214,000. Municipal Employees Retirement System of Michigan increased its holdings in MIND C.T.I. by 37.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 191,480 shares of the information technology services provider’s stock valued at $427,000 after purchasing an additional 52,350 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in MIND C.T.I. by 26.2% in the 1st quarter. Acadian Asset Management LLC now owns 162,082 shares of the information technology services provider’s stock valued at $346,000 after purchasing an additional 33,640 shares in the last quarter. Hedge funds and other institutional investors own 16.62% of the company’s stock.

MIND C.T.I. Company Profile

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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Earnings History for MIND C.T.I. (NASDAQ:MNDO)

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