MIND C.T.I. (NASDAQ:MNDO) Share Price Crosses Above 200 Day Moving Average of $1.91

MIND C.T.I. Ltd (NASDAQ:MNDO)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.91 and traded as high as $2.00. MIND C.T.I. shares last traded at $1.99, with a volume of 21,167 shares trading hands.

MIND C.T.I. Trading Up 0.5 %

The firm’s 50-day simple moving average is $1.89 and its two-hundred day simple moving average is $1.91. The stock has a market capitalization of $40.05 million, a PE ratio of 7.96 and a beta of 0.79.

MIND C.T.I. (NASDAQ:MNDO) last issued its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $0.05 earnings per share for the quarter. The business had revenue of $5.27 million for 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.

A hedge fund recently raised its stake in MIND C.T.I. stock. Guardian Wealth Management Inc. lifted its position in MIND C.T.I. Ltd (NASDAQ:MNDO) by 26.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,610 shares of the information technology services provider’s stock after buying an additional 10,937 shares during the quarter. Guardian Wealth Management Inc. owned about 0.26% of MIND C.T.I. worth $101,000 as of its most recent filing with the SEC. 24.32% of the stock is owned by hedge funds and other institutional investors.

MIND C.T.I. Company Profile

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.