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

MIND C.T.I. (NASDAQ:MNDO) posted its earnings results on Tuesday. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $5.20 million for the quarter. MIND C.T.I. had a return on equity of 21.27% and a net margin of 22.08%.

MIND C.T.I. Stock Up 0.5 %

NASDAQ MNDO opened at $2.02 on Thursday. MIND C.T.I. has a 52 week low of $1.70 and a 52 week high of $2.28. The company has a 50 day moving average price of $2.05 and a 200 day moving average price of $1.99. The firm has a market cap of $40.65 million, a PE ratio of 9.18 and a beta of 0.79.

MIND C.T.I. Cuts Dividend

The company also recently disclosed an annual dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 25th will be given a $0.22 dividend. This represents a dividend yield of 10.9%. The ex-dividend date is Tuesday, March 25th. MIND C.T.I.’s payout ratio is currently 109.09%.

MIND C.T.I. Company Profile

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.