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

MIND C.T.I. (NASDAQ:MNDO) released its quarterly earnings data on Tuesday. The information technology services provider reported $0.05 earnings per share (EPS) for the quarter, FiscalAI reports. MIND C.T.I. had a net margin of 14.63% and a return on equity of 13.08%. The business had revenue of $4.89 million during the quarter.

MIND C.T.I. Stock Up 1.2%

MIND C.T.I. stock opened at $1.27 on Tuesday. The stock has a market cap of $25.77 million, a P/E ratio of 9.73 and a beta of 0.54. MIND C.T.I. has a twelve month low of $0.98 and a twelve month high of $2.12. The company’s 50-day moving average price is $1.20 and its two-hundred day moving average price is $1.17.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised MIND C.T.I. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Signal Advisors Wealth LLC acquired a new stake in shares of MIND C.T.I. during the fourth quarter worth $41,000. Glenorchy Capital Ltd boosted its position 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 valued at $375,000 after buying an additional 22,808 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of MIND C.T.I. in the first quarter valued at about $37,000. 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.