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

MIND C.T.I. Ltd. (NASDAQ:MNDO)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.19 and traded as high as $1.25. MIND C.T.I. shares last traded at $1.23, with a volume of 15,627 shares traded.

Wall Street Analyst Weigh In

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

MIND C.T.I. Price Performance

The firm has a market capitalization of $25.06 million, a PE ratio of 9.46 and a beta of 0.59. The firm’s fifty day moving average is $1.20 and its two-hundred day moving average is $1.19.

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

Hedge Funds Weigh In On MIND C.T.I.

Several hedge funds have recently made changes to their positions in MNDO. Glenorchy Capital Ltd increased its holdings in MIND C.T.I. by 9.1% during the 2nd quarter. Glenorchy Capital Ltd now owns 273,791 shares of the information technology services provider’s stock worth $375,000 after acquiring an additional 22,808 shares during the period. Jane Street Group LLC purchased a new position in shares of MIND C.T.I. during the 1st quarter valued at $37,000. Finally, Signal Advisors Wealth LLC bought a new position in shares of MIND C.T.I. in the fourth quarter worth $41,000. 24.32% of the stock is currently owned by hedge funds and other institutional investors.

MIND C.T.I. Company Profile

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.