MIND C.T.I. (NASDAQ:MNDO) Stock Passes Above 200 Day Moving Average – Here’s What Happened

MIND C.T.I. Ltd. (NASDAQ:MNDO)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.17 and traded as high as $1.1999. MIND C.T.I. shares last traded at $1.18, with a volume of 27,274 shares changing hands.

Wall Street Analyst Weigh In

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

MIND C.T.I. Price Performance

The company has a market capitalization of $23.43 million, a P/E ratio of 9.58 and a beta of 0.54. The business has a 50 day moving average of $1.20 and a 200 day moving average of $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 (EPS) for the quarter. MIND C.T.I. had a return on equity of 11.94% and a net margin of 13.38%.The business had revenue of $4.89 million for the quarter.

Hedge Funds Weigh In On MIND C.T.I.

Institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC bought a new stake in shares of MIND C.T.I. in the 1st quarter worth about $37,000. Signal Advisors Wealth LLC bought a new position in shares of MIND C.T.I. in the 4th quarter valued at about $41,000. Finally, Glenorchy Capital Ltd grew its position in MIND C.T.I. by 9.1% in the second 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 in the last quarter. 24.32% of the stock is owned by hedge funds and other 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.