MIND C.T.I. (NASDAQ:MNDO) Shares Pass Above 200 Day Moving Average – Here’s Why

Shares of MIND C.T.I. Ltd. (NASDAQ:MNDO) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.19 and traded as high as $1.20. MIND C.T.I. shares last traded at $1.14, with a volume of 59,741 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of MIND C.T.I. in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

MIND C.T.I. Stock Performance

The firm’s 50-day simple moving average is $1.20 and its 200 day simple moving average is $1.19. The company has a market cap of $23.22 million, a P/E ratio of 8.77 and a beta of 0.58.

MIND C.T.I. (NASDAQ:MNDO) last posted its quarterly earnings results on Wednesday, November 12th. The information technology services provider reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $4.82 million for the quarter. MIND C.T.I. had a return on equity of 13.08% and a net margin of 14.63%.

Institutional Trading of MIND C.T.I.

Institutional investors and hedge funds have recently modified their holdings of the stock. Glenorchy Capital Ltd raised its position in shares of MIND C.T.I. by 9.1% in the 2nd quarter. Glenorchy Capital Ltd now owns 273,791 shares of the information technology services provider’s stock valued at $375,000 after acquiring an additional 22,808 shares during the period. Jane Street Group LLC acquired a new position in MIND C.T.I. during the first quarter valued at approximately $37,000. Finally, Signal Advisors Wealth LLC bought a new stake in MIND C.T.I. in the fourth quarter valued at approximately $41,000. 24.32% of the stock is owned by institutional investors.

MIND C.T.I. Company Profile

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.