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

MIND C.T.I. Ltd. (NASDAQ:MNDO)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.17 and traded as high as $1.2199. MIND C.T.I. shares last traded at $1.18, with a volume of 40,668 shares traded.

Wall Street Analyst Weigh In

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

MIND C.T.I. Stock Down 1.7%

The company has a 50 day simple moving average of $1.19 and a 200-day simple moving average of $1.17. The stock has a market cap of $24.04 million, a price-to-earnings ratio of 9.83 and a beta of 0.54.

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

Institutional Trading of MIND C.T.I.

Several institutional investors have recently added to or reduced their stakes in the business. Glenorchy Capital Ltd lifted 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 worth $375,000 after buying an additional 22,808 shares during the last quarter. Signal Advisors Wealth LLC bought a new stake in shares of MIND C.T.I. during the 4th quarter valued at about $41,000. Finally, Jane Street Group LLC bought a new stake in shares of MIND C.T.I. during the 1st quarter valued at about $37,000. Institutional investors 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.