MIND C.T.I. (NASDAQ:MNDO) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

MIND C.T.I. Ltd. (NASDAQ:MNDO)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.19 and traded as high as $1.25. MIND C.T.I. shares last traded at $1.23, with a volume of 15,627 shares.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of MIND C.T.I. in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

MIND C.T.I. Stock Performance

The firm has a 50-day moving average of $1.20 and a 200-day moving average of $1.19. The firm has a market capitalization of $25.06 million, a P/E ratio of 9.46 and a beta of 0.59.

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

Institutional Investors Weigh In On MIND C.T.I.

Hedge funds have recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in shares of MIND C.T.I. during the 1st quarter valued at $37,000. Signal Advisors Wealth LLC bought a new position in shares of MIND C.T.I. in the 4th quarter worth about $41,000. Finally, Glenorchy Capital Ltd lifted its position in 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 valued at $375,000 after acquiring an additional 22,808 shares during the period. 24.32% of the stock is currently 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.