MIND C.T.I. (NASDAQ:MNDO) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

MIND C.T.I. Ltd (NASDAQ:MNDO) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.93 and traded as high as $2.02. MIND C.T.I. shares last traded at $2.02, with a volume of 14,363 shares.

MIND C.T.I. Trading Up 2.3 %

The business has a 50 day moving average of $1.98 and a two-hundred day moving average of $1.93. The firm has a market cap of $40.65 million, a P/E ratio of 9.18 and a beta of 0.78.

MIND C.T.I. (NASDAQ:MNDO) last issued its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $5.21 million during the quarter. MIND C.T.I. had a net margin of 22.08% and a return on equity of 21.27%.

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

An institutional investor recently raised its position in MIND C.T.I. stock. Glenorchy Capital Ltd grew its position in MIND C.T.I. Ltd (NASDAQ:MNDO) by 13.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 260,783 shares of the information technology services provider’s stock after buying an additional 31,544 shares during the quarter. Glenorchy Capital Ltd owned 1.30% of MIND C.T.I. worth $514,000 as of its most recent SEC filing. 24.32% of the stock is owned by hedge funds and other institutional investors.

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.