MIND C.T.I. (NASDAQ:MNDO – Get Free Report) issued its earnings results on Thursday. The information technology services provider reported $0.04 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $4.61 million for the quarter. MIND C.T.I. had a return on equity of 13.20% and a net margin of 15.26%.
MIND C.T.I. Price Performance
MIND C.T.I. stock remained flat at $1.02 during midday trading on Friday. The company had a trading volume of 29,027 shares, compared to its average volume of 41,454. MIND C.T.I. has a fifty-two week low of $0.85 and a fifty-two week high of $1.34. The business has a 50 day moving average of $1.00 and a 200-day moving average of $1.08. The firm has a market cap of $20.58 million, a price-to-earnings ratio of 7.29 and a beta of 0.38.
Hedge Funds Weigh In On MIND C.T.I.
Several large investors have recently modified their holdings of the business. Glenorchy Capital Ltd lifted its holdings in MIND C.T.I. by 9.1% during the 2nd 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 in the last quarter. Renaissance Technologies LLC purchased a new position in MIND C.T.I. during the 1st quarter valued at about $26,000. Finally, Jane Street Group LLC purchased a new position in MIND C.T.I. during the 1st quarter valued at about $37,000. Hedge funds and other institutional investors own 24.32% of the company’s stock.
About MIND C.T.I.
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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