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

MIND C.T.I. Ltd (NASDAQ:MNDO) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.95 and traded as high as $2.10. MIND C.T.I. shares last traded at $2.09, with a volume of 33,869 shares trading hands.

MIND C.T.I. Price Performance

The stock has a market cap of $42.45 million, a PE ratio of 9.59 and a beta of 0.78. The firm’s 50 day moving average price is $2.00 and its two-hundred day moving average price is $1.95.

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

Institutional Trading of MIND C.T.I.

A hedge fund recently raised its stake in MIND C.T.I. stock. Glenorchy Capital Ltd increased its holdings in MIND C.T.I. Ltd (NASDAQ:MNDO) by 13.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 1.30% of MIND C.T.I. worth $514,000 at the end of the most recent reporting period. 24.32% of the stock is currently owned by hedge funds and other institutional investors.

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.