MIND C.T.I. (NASDAQ:MNDO) Stock Crosses Above 200 Day Moving Average – What’s Next?

MIND C.T.I. Ltd (NASDAQ:MNDO) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.93 and traded as high as $2.02. MIND C.T.I. shares last traded at $2.02, with a volume of 14,363 shares trading hands.

MIND C.T.I. Stock Down 1.0 %

The firm has a market capitalization of $40.25 million, a P/E ratio of 9.09 and a beta of 0.78. The business’s 50 day moving average is $1.98 and its two-hundred day moving average is $1.93.

MIND C.T.I. (NASDAQ:MNDO) last issued its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $0.04 earnings per share for the quarter. The company had revenue of $5.21 million during the quarter. MIND C.T.I. had a net margin of 22.08% and a return on equity of 21.27%.

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

An institutional investor recently raised its position in MIND C.T.I. stock. Glenorchy Capital Ltd grew its position in MIND C.T.I. Ltd (NASDAQ:MNDO) by 13.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 260,783 shares of the information technology services provider’s stock after buying an additional 31,544 shares during the quarter. Glenorchy Capital Ltd owned approximately 1.30% of MIND C.T.I. worth $514,000 at the end of the most recent quarter. 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.