MIND C.T.I. Ltd. (NASDAQ:MNDO) saw a large drop in short interest in July. As of July 31st, there was short interest totalling 19,200 shares, a drop of 32.9% from the June 30th total of 28,600 shares. Based on an average daily trading volume, of 22,500 shares, the short-interest ratio is presently 0.9 days. Approximately 0.1% of the shares of the stock are short sold.
Shares of NASDAQ MNDO traded up $0.03 during trading hours on Monday, reaching $2.27. 39,684 shares of the stock traded hands, compared to its average volume of 23,160. The stock has a market cap of $43.78 million, a P/E ratio of 7.93 and a beta of 0.72. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.35 and a quick ratio of 2.35. MIND C.T.I. has a 52-week low of $2.09 and a 52-week high of $2.50. The business’s 50-day moving average is $2.19.
MIND C.T.I. (NASDAQ:MNDO) last announced its quarterly earnings data on Monday, May 20th. The information technology services provider reported $0.08 earnings per share for the quarter. The company had revenue of $4.46 million for the quarter. MIND C.T.I. had a return on equity of 28.47% and a net margin of 30.28%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC raised its holdings 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 valued at $346,000 after buying an additional 33,640 shares in the last quarter. Seizert Capital Partners LLC bought a new position in MIND C.T.I. during the 2nd quarter worth approximately $214,000. Finally, Municipal Employees Retirement System of Michigan grew its position in 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 worth $427,000 after acquiring an additional 52,350 shares during the last quarter. 15.86% of the stock is currently owned by institutional investors.
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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