MIND C.T.I. (NASDAQ:MNDO) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of MIND C.T.I. Ltd. (NASDAQ:MNDO) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.17 and traded as high as $1.25. MIND C.T.I. shares last traded at $1.21, with a volume of 37,809 shares.

Wall Street Analyst Weigh In

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

MIND C.T.I. Stock Up 6.1%

The firm has a 50-day moving average price of $1.19 and a two-hundred day moving average price of $1.17. The firm has a market cap of $24.65 million, a PE ratio of 9.31 and a beta of 0.58.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC acquired a new stake in MIND C.T.I. in the 1st quarter valued at about $37,000. Signal Advisors Wealth LLC acquired a new position in shares of MIND C.T.I. during the 4th quarter worth approximately $41,000. Finally, Glenorchy Capital Ltd grew its position in shares of MIND C.T.I. by 9.1% in the second 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. 24.32% of the stock is currently owned by institutional investors and hedge funds.

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.