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

MIND C.T.I. (NASDAQ:MNDO) issued its quarterly earnings results on Monday. The information technology services provider reported $0.05 earnings per share (EPS) for the quarter, Morningstar.com reports. MIND C.T.I. had a net margin of 30.28% and a return on equity of 28.47%. The company had revenue of $6.00 million during the quarter.

Shares of MNDO stock traded down $0.08 during trading hours on Tuesday, hitting $2.19. 19,260 shares of the company were exchanged, compared to its average volume of 23,076. The company’s fifty day moving average price is $2.19. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.35 and a quick ratio of 2.35. MIND C.T.I. has a 52-week low of $2.09 and a 52-week high of $2.50. The firm has a market cap of $44.38 million, a PE ratio of 8.00 and a beta of 0.72.

Institutional investors have recently added to or reduced their stakes in the stock. Seizert Capital Partners LLC purchased a new position in MIND C.T.I. in the 2nd quarter valued at approximately $214,000. Acadian Asset Management LLC grew its stake in MIND C.T.I. by 26.2% in the 1st quarter. Acadian Asset Management LLC now owns 162,082 shares of the information technology services provider’s stock valued at $346,000 after buying an additional 33,640 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its stake in MIND C.T.I. by 37.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 191,480 shares of the information technology services provider’s stock valued at $427,000 after buying an additional 52,350 shares in the last quarter. Institutional investors and hedge funds own 16.62% of the company’s stock.



About MIND C.T.I.

MIND C.T.I. Ltd., together with its subsidiaries, designs, develops, markets, supports, implements, and operates real-time and off-line convergent billing and customer care software solutions in the United States, the United Kingdom and Rest of Europe, Israel, and internationally. The company offers billing and customer care solution that supports various services, such as voice, data, and content services, as well as prepaid, postpaid, and pay-in-advance payment models in a single platform.

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Earnings History for MIND C.T.I. (NASDAQ:MNDO)

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