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

MIND C.T.I. (NASDAQ:MNDO) issued its quarterly earnings results on Wednesday. The information technology services provider reported $0.03 earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $4.82 million for the quarter. MIND C.T.I. had a net margin of 15.58% and a return on equity of 14.03%.

MIND C.T.I. Trading Down 4.1%

Shares of MNDO stock traded down $0.05 during trading hours on Friday, hitting $1.16. 33,086 shares of the company were exchanged, compared to its average volume of 51,299. The stock has a market capitalization of $23.62 million, a price-to-earnings ratio of 8.29 and a beta of 0.65. The firm has a fifty day simple moving average of $1.12 and a 200 day simple moving average of $1.30. MIND C.T.I. has a 52-week low of $0.98 and a 52-week high of $2.13.

Institutional Trading of MIND C.T.I.

A hedge fund recently bought a new stake in MIND C.T.I. stock. Jane Street Group LLC purchased a new stake in shares of MIND C.T.I. Ltd. (NASDAQ:MNDO) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 20,645 shares of the information technology services provider’s stock, valued at approximately $37,000. Jane Street Group LLC owned about 0.10% of MIND C.T.I. at the end of the most recent reporting period. 24.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of MIND C.T.I. in a research note on Thursday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

About MIND C.T.I.

MIND C.T.I. Ltd., together with its subsidiaries, develops, markets, sells, and implements billing and customer care software solutions for communication service providers in the Americas, Europe, Israel, the Asia Pacific, and Africa. It operates in two segments, Billing and Related Services, and Messaging.