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

by · The Cerbat Gem

MIND C.T.I. (NASDAQ:MNDO – Get Free Report) posted its quarterly earnings results on Monday. The information technology services provider reported $0.04 earnings per share (EPS) for the quarter, FiscalAI reports. MIND C.T.I. had a net margin of 13.38% and a return on equity of 11.94%. The firm had revenue of $5.09 million for the quarter.

MIND C.T.I. Stock Down 0.4%

Shares of MNDO traded down $0.00 during trading hours on Monday, hitting $0.99. The company had a trading volume of 43,242 shares, compared to its average volume of 34,095. The firm has a market cap of $20.09 million, a price-to-earnings ratio of 8.23 and a beta of 0.42. The business has a fifty day moving average of $1.13 and a 200-day moving average of $1.16. MIND C.T.I. has a 12 month low of $0.98 and a 12 month high of $1.52.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new stake in MIND C.T.I. during the first quarter worth approximately $37,000. Signal Advisors Wealth LLC acquired a new position in shares of MIND C.T.I. in the fourth quarter valued at approximately $41,000. Finally, Glenorchy Capital Ltd increased its stake in shares of MIND C.T.I. by 9.1% during the second quarter. Glenorchy Capital Ltd now owns 273,791 shares of the information technology services provider’s stock worth $375,000 after purchasing an additional 22,808 shares during the period. Institutional investors and hedge funds own 24.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of MIND C.T.I. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 2nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Check Out Our Latest Report on MNDO

About MIND C.T.I.

(Get Free Report)

MIND C.T.I. Ltd. is a provider of operations support systems (OSS) and network automation solutions for telecommunications service providers and cable operators. The company’s product portfolio includes service fulfillment, inventory and resource management, trouble ticketing, network monitoring, mediation, revenue assurance and analytics modules. By integrating these modules through a unified platform, MIND C.T.I. enables service providers to streamline service activation, reduce manual intervention, improve network visibility and drive operational efficiencies.

Founded in 1990 and headquartered in Tel Aviv, Israel, MIND C.T.I.

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