MIND C.T.I. (NASDAQ:MNDO) Share Price Passes Above 200-Day Moving Average – What’s Next?

MIND C.T.I. Ltd. (NASDAQ:MNDO) passed 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 $1.1999. MIND C.T.I. shares last traded at $1.18, with a volume of 27,274 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of MIND C.T.I. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, MIND C.T.I. currently has a consensus rating of “Hold”.

MIND C.T.I. Price Performance

The stock has a market cap of $24.04 million, a price-to-earnings ratio of 9.83 and a beta of 0.54. The business’s 50 day moving average is $1.20 and its 200 day moving average is $1.17.

MIND C.T.I. (NASDAQ:MNDO) last posted its quarterly earnings results on Tuesday, March 10th. The information technology services provider reported $0.05 earnings per share for the quarter. The company had revenue of $4.89 million for the quarter. MIND C.T.I. had a return on equity of 11.94% and a net margin of 13.38%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Jane Street Group LLC acquired a new stake in MIND C.T.I. during the 1st quarter worth $37,000. Signal Advisors Wealth LLC purchased a new stake in shares of MIND C.T.I. in the 4th quarter valued at about $41,000. Finally, Glenorchy Capital Ltd boosted its position in shares of MIND C.T.I. by 9.1% in the 2nd 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 during the period. Institutional investors and hedge funds own 24.32% of the company’s stock.

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.