MIND C.T.I. (NASDAQ:MNDO) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

MIND C.T.I. Ltd. (NASDAQ:MNDO) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.10 and traded as low as $1.03. MIND C.T.I. shares last traded at $1.03, with a volume of 52,980 shares changing hands.

MIND C.T.I. Stock Performance

The company has a market capitalization of $20.79 million, a price-to-earnings ratio of 7.36 and a beta of 0.39. The firm has a fifty day moving average price of $0.98 and a 200-day moving average price of $1.10.

MIND C.T.I. (NASDAQ:MNDO) last posted its quarterly earnings results on Monday, May 11th. The information technology services provider reported $0.04 EPS for the quarter. MIND C.T.I. had a return on equity of 13.20% and a net margin of 15.26%.The business had revenue of $5.08 million during the quarter.

Institutional Trading of MIND C.T.I.

Institutional investors and hedge funds have recently made changes to their positions in the company. Signal Advisors Wealth LLC acquired a new position in MIND C.T.I. during the fourth quarter valued at approximately $41,000. Glenorchy Capital Ltd boosted 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 valued at $375,000 after purchasing an additional 22,808 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of MIND C.T.I. in the 1st quarter valued at $26,000. Finally, Jane Street Group LLC bought a new position in shares of MIND C.T.I. in the 1st quarter valued at $37,000. 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.