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

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

MIND C.T.I. Trading Down 3.2%

MNDO stock opened at $1.20 on Wednesday. The stock’s 50 day simple moving average is $1.20 and its 200 day simple moving average is $1.17. MIND C.T.I. has a 12-month low of $0.98 and a 12-month high of $2.12. The firm has a market cap of $24.44 million, a P/E ratio of 9.23 and a beta of 0.54.

Analysts Set New Price Targets

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, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MNDO. Signal Advisors Wealth LLC acquired a new position in shares of MIND C.T.I. in the 4th quarter valued at about $41,000. Glenorchy Capital Ltd lifted its holdings in MIND C.T.I. by 9.1% in the second quarter. Glenorchy Capital Ltd now owns 273,791 shares of the information technology services provider’s stock worth $375,000 after acquiring an additional 22,808 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in MIND C.T.I. in the first quarter valued at approximately $37,000. 24.32% of the stock is currently owned by institutional investors.

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.