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

MIND C.T.I. (NASDAQ:MNDO) released its quarterly earnings data on Tuesday. The information technology services provider reported ($0.15) earnings per share for the quarter, FiscalAI reports. The business had revenue of $4.36 million during the quarter. MIND C.T.I. had a net margin of 16.87% and a return on equity of 14.09%.

MIND C.T.I. Stock Up 45.4%

NASDAQ MNDO traded up $0.40 on Tuesday, reaching $1.26. The company had a trading volume of 10,910,548 shares, compared to its average volume of 89,428. The stock has a market capitalization of $25.53 million, a P/E ratio of 7.91 and a beta of 0.39. The company’s fifty day moving average is $0.96 and its 200 day moving average is $1.04. MIND C.T.I. has a 52-week low of $0.85 and a 52-week high of $1.29.

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

A hedge fund recently bought a new position in MIND C.T.I. stock. Renaissance Technologies LLC acquired a new position in MIND C.T.I. Ltd. (NASDAQ:MNDO) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 22,474 shares of the information technology services provider’s stock, valued at approximately $26,000. Renaissance Technologies LLC owned approximately 0.11% of MIND C.T.I. as of its most recent filing with the Securities and Exchange Commission. 24.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of MIND C.T.I. in a report on Wednesday, November 4th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

MIND C.T.I. Company Profile

MIND C.T.I. Ltd. is an Israel-based provider of software solutions for communications service providers. The company develops systems designed to support telecommunications operators with billing, customer care, service management and related operational processes.

Its offerings have included solutions for prepaid and postpaid billing, rating, mediation, revenue management and customer relationship management. These tools are intended to help fixed-line, mobile, broadband and other communications providers manage subscribers, configure services, process usage data and automate charging and account-support functions.

MIND C.T.I.