MIND C.T.I. (NASDAQ:MNDO) Shares Pass Above 200 Day Moving Average – What’s Next?

MIND C.T.I. Ltd (NASDAQ:MNDO) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.90 and traded as high as $1.97. MIND C.T.I. shares last traded at $1.97, with a volume of 23,583 shares changing hands.

MIND C.T.I. Trading Up 0.3 %

The stock has a market cap of $39.54 million, a P/E ratio of 8.19 and a beta of 0.79. The firm has a 50-day simple moving average of $1.95 and a two-hundred day simple moving average of $1.90.

MIND C.T.I. (NASDAQ:MNDO) last released its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $0.05 EPS for the quarter. The business had revenue of $5.27 million for the quarter. MIND C.T.I. had a net margin of 23.49% and a return on equity of 22.77%.

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

A hedge fund recently raised its stake in MIND C.T.I. stock. Glenorchy Capital Ltd grew its stake in shares of MIND C.T.I. Ltd (NASDAQ:MNDO) by 13.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 260,783 shares of the information technology services provider’s stock after acquiring an additional 31,544 shares during the quarter. Glenorchy Capital Ltd owned about 1.30% of MIND C.T.I. worth $514,000 as of its most recent SEC filing. Institutional investors own 24.32% of the company’s stock.

About MIND C.T.I.

MIND C.T.I. Ltd., together with its subsidiaries, develops, markets, sells, and implements billing and customer care software solutions for communication service providers in the Americas, Europe, Israel, the Asia Pacific, and Africa. It operates in two segments, Billing and Related Services, and Messaging.