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

MIND C.T.I. (NASDAQ:MNDO) announced its quarterly earnings data on Thursday. The information technology services provider reported $0.04 EPS for the quarter, FiscalAI reports. The company had revenue of $4.61 million for the quarter. MIND C.T.I. had a net margin of 15.26% and a return on equity of 13.20%.

MIND C.T.I. Stock Performance

NASDAQ MNDO traded down $0.05 during trading on Thursday, reaching $1.02. 36,870 shares of the company’s stock were exchanged, compared to its average volume of 47,939. The company has a 50 day moving average price of $1.00 and a two-hundred day moving average price of $1.08. The stock has a market cap of $20.58 million, a P/E ratio of 7.29 and a beta of 0.38. MIND C.T.I. has a 1 year low of $0.85 and a 1 year high of $1.35.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MNDO. Renaissance Technologies LLC purchased a new position in MIND C.T.I. in the first quarter valued at approximately $26,000. Jane Street Group LLC acquired a new position in MIND C.T.I. in the first quarter valued at $37,000. Finally, Glenorchy Capital Ltd grew its holdings 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 last quarter. 24.32% of the stock is owned by institutional investors and hedge funds.

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.