MIND C.T.I. (NASDAQ:MNDO) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of MIND C.T.I. Ltd. (NASDAQ:MNDO) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.16 and traded as high as $1.2299. MIND C.T.I. shares last traded at $1.2250, with a volume of 16,005 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded MIND C.T.I. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

MIND C.T.I. Price Performance

The company’s 50-day moving average price is $1.19 and its two-hundred day moving average price is $1.16. The company has a market capitalization of $24.95 million, a P/E ratio of 9.42 and a beta of 0.54.

Institutional Trading of MIND C.T.I.

Hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new position in MIND C.T.I. in the 1st quarter valued at $37,000. Signal Advisors Wealth LLC acquired a new position in shares of MIND C.T.I. in the fourth quarter valued at about $41,000. Finally, Glenorchy Capital Ltd increased 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 worth $375,000 after acquiring an additional 22,808 shares during the period. 24.32% of the stock is owned by institutional investors and hedge funds.

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.