MIND C.T.I. Ltd. (NASDAQ:MNDO) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 24,400 shares, a decline of 47.5% from the May 15th total of 46,500 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 30,500 shares, the days-to-cover ratio is currently 0.8 days.
Shares of MNDO stock traded down $0.03 during trading hours on Friday, hitting $2.17. The company had a trading volume of 25,540 shares, compared to its average volume of 19,331. The business’s fifty day moving average is $2.18. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.02. MIND C.T.I. has a fifty-two week low of $2.08 and a fifty-two week high of $2.50. The firm has a market capitalization of $43.59 million, a PE ratio of 7.86 and a beta of 0.72.
MIND C.T.I. (NASDAQ:MNDO) last announced its earnings results on Monday, May 20th. The information technology services provider reported $0.08 earnings per share for the quarter. MIND C.T.I. had a net margin of 30.28% and a return on equity of 28.47%. The firm had revenue of $4.46 million for the quarter.
About MIND C.T.I.
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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