MIND C.T.I. (NASDAQ:MNDO) Share Price Crosses Above 200 Day Moving Average – Here’s Why

MIND C.T.I. Ltd (NASDAQ:MNDO) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.90 and traded as high as $1.98. MIND C.T.I. shares last traded at $1.98, with a volume of 5,870 shares trading hands.

MIND C.T.I. Stock Up 0.6 %

The stock has a market cap of $39.75 million, a price-to-earnings ratio of 7.90 and a beta of 0.79. The company’s 50-day moving average is $1.92 and its 200-day moving average is $1.90.

MIND C.T.I. (NASDAQ:MNDO) last issued its earnings results on Tuesday, August 6th. The information technology services provider reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $5.27 million during the quarter. MIND C.T.I. had a return on equity of 22.77% and a net margin of 23.49%.

Institutional Investors Weigh In On MIND C.T.I.

An institutional investor recently raised its position in MIND C.T.I. stock. BNP Paribas Financial Markets raised its position in MIND C.T.I. Ltd (NASDAQ:MNDO) by 24.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,510 shares of the information technology services provider’s stock after buying an additional 14,810 shares during the period. BNP Paribas Financial Markets owned 0.37% of MIND C.T.I. worth $141,000 as of its most recent SEC filing. Institutional investors own 24.32% of the company’s stock.

About MIND C.T.I.

MIND C.T.I. Ltd., together with its subsidiaries, develops, markets, sells, and implements billing and customer care software solutions for communication service providers in the Americas, Europe, Israel, the Asia Pacific, and Africa. It operates in two segments, Billing and Related Services, and Messaging.