Yes even the price is that low. Mining can be still profitable not only btc and eth can give huge profits but you must look on other coins that can be mined and has low difficulty. Must choose a good coin with exchange listed and has considerate volume too. I think even now the profit is becoming huge since the market recovering. I think its time to buy cheap equipmemt now.
Mining has become more profitable with recent surges of Bitcoin. Even with altcoin mining, it has also experience same things, when price of altcoins rose significantly. However as always, price rises also occur simultaneously with higher difficulty, but generally mining gives miners more profits for sure. For miners, whom don't have demands to sell their coins immediately for some kinds of expenses, like electricity bills, and other things in their lives, they should hold their altcoins that they got from mining. Months later, they can get more money from same amount of altcoins. It means holding leads to higher mining profits.