MIND C.T.I. (NASDAQ:MNDO) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

MIND C.T.I. Ltd. (NASDAQ:MNDO)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.16 and traded as high as $1.1636. MIND C.T.I. shares last traded at $1.13, with a volume of 9,170 shares changing hands.

Analyst Ratings Changes

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, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

MIND C.T.I. Trading Down 0.9%

The firm has a market capitalization of $23.02 million, a PE ratio of 9.42 and a beta of 0.56. The firm’s fifty day moving average price is $1.18 and its 200 day moving average price is $1.16.

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

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

Several institutional investors and hedge funds have recently modified their holdings of MNDO. Signal Advisors Wealth LLC purchased a new stake in shares of MIND C.T.I. in the fourth quarter worth about $41,000. Glenorchy Capital Ltd raised its position in MIND C.T.I. by 9.1% during the second quarter. Glenorchy Capital Ltd now owns 273,791 shares of the information technology services provider’s stock valued at $375,000 after acquiring an additional 22,808 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in MIND C.T.I. in the first quarter valued at approximately $37,000. Institutional investors and hedge funds 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.