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)’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 $1.25. MIND C.T.I. shares last traded at $1.21, with a volume of 37,809 shares traded.

Wall Street Analysts Forecast Growth

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

MIND C.T.I. Stock Up 6.1%

The company has a market capitalization of $24.65 million, a PE ratio of 9.31 and a beta of 0.58. The firm has a 50-day moving average of $1.19 and a two-hundred day moving average of $1.17.

Institutional Trading of MIND C.T.I.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Signal Advisors Wealth LLC purchased a new position in MIND C.T.I. during the fourth quarter worth about $41,000. Glenorchy Capital Ltd lifted its holdings 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 worth $375,000 after acquiring an additional 22,808 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of MIND C.T.I. during the 1st quarter worth approximately $37,000. 24.32% of the stock is owned by institutional investors and hedge funds.

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.