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

MIND C.T.I. Ltd. (NASDAQ:MNDO) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.17 and traded as high as $1.2199. MIND C.T.I. shares last traded at $1.18, with a volume of 40,668 shares traded.

Analysts Set New Price Targets

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

MIND C.T.I. Price Performance

The firm’s fifty day moving average price is $1.19 and its 200-day moving average price is $1.17. The company has a market cap of $24.04 million, a price-to-earnings ratio of 9.83 and a beta of 0.54.

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 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.

A number of hedge funds have recently made changes to their positions in MNDO. Glenorchy Capital Ltd boosted its position in shares of MIND C.T.I. by 9.1% during the second quarter. Glenorchy Capital Ltd now owns 273,791 shares of the information technology services provider’s stock worth $375,000 after buying an additional 22,808 shares during the period. Jane Street Group LLC acquired a new stake in MIND C.T.I. in the 1st quarter valued at approximately $37,000. Finally, Signal Advisors Wealth LLC acquired a new stake in MIND C.T.I. in the 4th quarter valued at approximately $41,000. Institutional investors own 24.32% of the company’s stock.

About MIND C.T.I.

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.