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

MIND C.T.I. (NASDAQ:MNDO) announced its quarterly earnings results on Tuesday. The information technology services provider reported $0.04 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 company had revenue of $5.21 million for the quarter.

MIND C.T.I. Stock Up 1.5 %

MNDO stock traded up $0.03 during midday trading on Friday, hitting $1.99. 23,364 shares of the company traded hands, compared to its average volume of 29,557. MIND C.T.I. has a twelve month low of $1.70 and a twelve month high of $2.28. The business has a 50 day simple moving average of $1.96 and a 200-day simple moving average of $1.90. The stock has a market capitalization of $40.04 million, a price-to-earnings ratio of 8.29 and a beta of 0.79.

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

A hedge fund recently raised its stake in MIND C.T.I. stock. BNP Paribas Financial Markets grew its holdings in MIND C.T.I. Ltd (NASDAQ:MNDO) by 24.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,510 shares of the information technology services provider’s stock after acquiring an additional 14,810 shares during the quarter. BNP Paribas Financial Markets owned 0.37% of MIND C.T.I. worth $141,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 24.32% of the company’s stock.

About MIND C.T.I.

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.