MIND C.T.I. Ltd. (NASDAQ:MNDO) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 4,000 shares, a drop of 65.2% from the August 30th total of 11,500 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 18,900 shares, the days-to-cover ratio is presently 0.2 days.
Shares of MIND C.T.I. stock remained flat at $$2.32 on Friday. 4,061 shares of the stock traded hands, compared to its average volume of 11,360. The firm has a 50-day moving average of $2.31 and a 200-day moving average of $2.21. The company has a market capitalization of $46.17 million, a PE ratio of 8.63 and a beta of 0.58. MIND C.T.I. has a 1-year low of $2.09 and a 1-year high of $2.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.68 and a quick ratio of 2.68.
MIND C.T.I. (NASDAQ:MNDO) last issued its quarterly earnings results on Monday, August 12th. The information technology services provider reported $0.05 earnings per share for the quarter. The business had revenue of $6.00 million for the quarter. MIND C.T.I. had a net margin of 27.21% and a return on equity of 27.20%.
Separately, ValuEngine cut shares of MIND C.T.I. from a “buy” rating to a “hold” rating in a research note on Friday, September 27th.
Several institutional investors have recently modified their holdings of MNDO. Acadian Asset Management LLC boosted its stake in shares of MIND C.T.I. by 26.2% during the 1st quarter. Acadian Asset Management LLC now owns 162,082 shares of the information technology services provider’s stock worth $346,000 after acquiring an additional 33,640 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in shares of MIND C.T.I. by 37.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 191,480 shares of the information technology services provider’s stock valued at $427,000 after buying an additional 52,350 shares in the last quarter. Seizert Capital Partners LLC purchased a new position in shares of MIND C.T.I. during the 2nd quarter valued at $214,000. BlackRock Inc. lifted its stake in shares of MIND C.T.I. by 134.5% during the 2nd quarter. BlackRock Inc. now owns 132,745 shares of the information technology services provider’s stock valued at $296,000 after buying an additional 76,143 shares in the last quarter. Finally, Morgan Stanley lifted its stake in shares of MIND C.T.I. by 1.5% during the 2nd quarter. Morgan Stanley now owns 1,065,560 shares of the information technology services provider’s stock valued at $2,376,000 after buying an additional 15,862 shares in the last quarter. Institutional investors and hedge funds own 16.38% of the company’s stock.
MIND C.T.I. Company Profile
MIND C.T.I. Ltd., together with its subsidiaries, designs, develops, markets, supports, implements, and operates real-time and off-line convergent billing and customer care software solutions in the United States, the United Kingdom and Rest of Europe, Israel, and internationally. The company offers billing and customer care solution that supports various services, such as voice, data, and content services, as well as prepaid, postpaid, and pay-in-advance payment models in a single platform.
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