MIND C.T.I. (NASDAQ:MNDO) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of MIND C.T.I. Ltd. (NASDAQ:MNDO) passed 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 trading hands.

Wall Street Analysts Forecast Growth

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

MIND C.T.I. Stock Down 0.8%

The firm’s 50 day simple moving average is $1.20 and its 200-day simple moving average is $1.17. The company has a market capitalization of $24.04 million, a PE ratio of 9.83 and a beta of 0.54.

MIND C.T.I. (NASDAQ:MNDO) last issued its earnings results on Tuesday, March 10th. The information technology services provider reported $0.05 EPS for the quarter. The business 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 Investors Weigh In On MIND C.T.I.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC acquired a new stake in shares of MIND C.T.I. in the first quarter valued at about $37,000. Signal Advisors Wealth LLC acquired a new position in MIND C.T.I. during the 4th quarter worth approximately $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 worth $375,000 after acquiring an additional 22,808 shares in the last quarter. Hedge funds and other institutional investors own 24.32% of the company’s stock.

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.