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

MIND C.T.I. (NASDAQ:MNDO) posted its quarterly earnings data on Tuesday. The information technology services provider reported $0.04 earnings per share (EPS) for the quarter, reports. MIND C.T.I. had a return on equity of 22.77% and a net margin of 23.49%. The firm had revenue of $5.21 million for the quarter.

MIND C.T.I. Trading Up 1.5 %

NASDAQ:MNDO traded up $0.03 on Friday, hitting $1.99. 23,364 shares of the company’s stock traded hands, compared to its average volume of 29,557. MIND C.T.I. has a 1 year low of $1.70 and a 1 year high of $2.28. The firm has a 50-day moving average price of $1.96 and a 200-day moving average price of $1.90. The company has a market cap of $40.04 million, a PE ratio of 8.29 and a beta of 0.79.

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

An institutional investor recently raised its position in MIND C.T.I. stock. BNP Paribas Financial Markets increased its position in MIND C.T.I. Ltd (NASDAQ:MNDO) by 24.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 74,510 shares of the information technology services provider’s stock after buying an additional 14,810 shares during the period. BNP Paribas Financial Markets owned 0.37% of MIND C.T.I. worth $141,000 at the end of the most recent reporting period. Institutional investors own 24.32% of the company’s stock.

MIND C.T.I. Company Profile

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.