MIND C.T.I. (NASDAQ:MNDO) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

MIND C.T.I. Ltd. (NASDAQ:MNDO) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.17 and traded as high as $1.2199. MIND C.T.I. shares last traded at $1.18, with a volume of 40,668 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded MIND C.T.I. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, MIND C.T.I. has an average rating of “Hold”.

MIND C.T.I. Price Performance

The stock has a market capitalization of $23.83 million, a P/E ratio of 9.75 and a beta of 0.54. The company’s 50-day simple moving average is $1.19 and its 200-day simple moving average is $1.17.

MIND C.T.I. (NASDAQ:MNDO) last released its quarterly earnings data on Tuesday, March 10th. The information technology services provider reported $0.05 earnings per share for the quarter. The company had revenue of $4.89 million for the quarter. MIND C.T.I. had a net margin of 13.38% and a return on equity of 11.94%.

Institutional Trading of MIND C.T.I.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC bought a new position in shares of MIND C.T.I. during the 1st quarter worth approximately $37,000. Glenorchy Capital Ltd increased its holdings in shares of MIND C.T.I. by 9.1% during the 2nd quarter. Glenorchy Capital Ltd now owns 273,791 shares of the information technology services provider’s stock worth $375,000 after acquiring an additional 22,808 shares during the last quarter. Finally, Signal Advisors Wealth LLC bought a new stake in MIND C.T.I. in the 4th quarter valued at $41,000. Institutional investors own 24.32% of the company’s stock.

About MIND C.T.I.

MIND C.T.I. Ltd. is a provider of operations support systems (OSS) and network automation solutions for telecommunications service providers and cable operators. The company’s product portfolio includes service fulfillment, inventory and resource management, trouble ticketing, network monitoring, mediation, revenue assurance and analytics modules. By integrating these modules through a unified platform, MIND C.T.I. enables service providers to streamline service activation, reduce manual intervention, improve network visibility and drive operational efficiencies.

Founded in 1990 and headquartered in Tel Aviv, Israel, MIND C.T.I.