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

MIND C.T.I. (NASDAQ:MNDO) issued its quarterly earnings data on Monday. The information technology services provider reported $0.04 EPS for the quarter, FiscalAI reports. MIND C.T.I. had a net margin of 13.38% and a return on equity of 11.94%. The business had revenue of $5.09 million during the quarter.

MIND C.T.I. Stock Performance

MNDO stock opened at $0.90 on Tuesday. The firm has a 50 day moving average price of $1.12 and a 200-day moving average price of $1.15. MIND C.T.I. has a 52-week low of $0.89 and a 52-week high of $1.52. The firm has a market capitalization of $18.38 million, a price-to-earnings ratio of 7.52 and a beta of 0.42.

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

Hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in MIND C.T.I. in the 1st quarter worth approximately $37,000. Signal Advisors Wealth LLC bought a new stake in MIND C.T.I. in the 4th quarter worth approximately $41,000. Finally, Glenorchy Capital Ltd grew its position in MIND C.T.I. by 9.1% in the 2nd 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 period. 24.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.