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

MIND C.T.I. (NASDAQ:MNDO) released its quarterly earnings results on Tuesday. The information technology services provider reported ($0.15) EPS for the quarter, FiscalAI reports. MIND C.T.I. had a negative return on equity of 1.24% and a negative net margin of 1.55%. The business had revenue of $4.36 million during the quarter.

MIND C.T.I. Stock Performance

Shares of MIND C.T.I. stock traded up $0.01 during trading hours on Thursday, reaching $1.26. The company’s stock had a trading volume of 79,376 shares, compared to its average volume of 98,625. The stock has a market cap of $25.53 million, a P/E ratio of -63.22 and a beta of 0.39. MIND C.T.I. has a one year low of $0.85 and a one year high of $1.29. The company’s 50 day simple moving average is $0.97 and its 200 day simple moving average is $1.04.

Analysts Set New Price Targets

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

Institutional Trading of MIND C.T.I.

An institutional investor recently bought a new position in MIND C.T.I. stock. Renaissance Technologies LLC acquired a new stake in shares of MIND C.T.I. Ltd. (NASDAQ:MNDO) in the first quarter, according to the company in its most recent filing 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 about 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 currently owned by hedge funds and other institutional investors.

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.