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

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

MIND C.T.I. Price Performance

MIND C.T.I. stock traded up $0.07 during trading hours on Wednesday, reaching $1.10. The stock had a trading volume of 79,319 shares, compared to its average volume of 50,847. The stock has a market cap of $22.30 million, a PE ratio of 7.82 and a beta of 0.65. MIND C.T.I. has a 52 week low of $0.98 and a 52 week high of $2.13. The company has a fifty day simple moving average of $1.12 and a 200-day simple moving average of $1.30.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of MIND C.T.I. in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Hedge Funds Weigh In On MIND C.T.I.

A hedge fund recently bought a new stake in MIND C.T.I. stock. Jane Street Group LLC acquired a new stake in shares of MIND C.T.I. Ltd. (NASDAQ:MNDO) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 20,645 shares of the information technology services provider’s stock, valued at approximately $37,000. Jane Street Group LLC owned approximately 0.10% of MIND C.T.I. as of its most recent filing with the SEC. Hedge funds and other institutional investors own 24.32% of the company’s stock.

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.