MIND C.T.I. (NASDAQ:MNDO) Shares Pass Below 200 Day Moving Average – Here’s Why

MIND C.T.I. Ltd. (NASDAQ:MNDO) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.21 and traded as low as $1.15. MIND C.T.I. shares last traded at $1.18, with a volume of 12,754 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of MIND C.T.I. in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

MIND C.T.I. Stock Up 0.9%

The stock’s 50 day moving average price is $1.16 and its 200-day moving average price is $1.21. The stock has a market capitalization of $24.03 million, a PE ratio of 9.08 and a beta of 0.59.

MIND C.T.I. (NASDAQ:MNDO) last released its earnings results on Wednesday, November 12th. The information technology services provider reported $0.03 earnings per share for the quarter. The company had revenue of $4.82 million for the quarter. MIND C.T.I. had a net margin of 14.63% and a return on equity of 13.08%.

Institutional Trading of MIND C.T.I.

A hedge fund recently raised its stake in MIND C.T.I. stock. Glenorchy Capital Ltd increased its holdings in MIND C.T.I. Ltd. (NASDAQ:MNDO) by 9.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 273,791 shares of the information technology services provider’s stock after purchasing an additional 22,808 shares during the period. Glenorchy Capital Ltd owned 1.34% of MIND C.T.I. worth $375,000 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. 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.