MIND C.T.I. (NASDAQ:MNDO) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of MIND C.T.I. Ltd (NASDAQ:MNDO) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.96 and traded as high as $2.08. MIND C.T.I. shares last traded at $2.06, with a volume of 38,315 shares changing hands.

MIND C.T.I. Trading Down 1.0 %

The firm has a market cap of $41.45 million, a price-to-earnings ratio of 9.36 and a beta of 0.79. The business’s 50-day simple moving average is $2.02 and its two-hundred day simple moving average is $1.96.

MIND C.T.I. (NASDAQ:MNDO) last released its earnings results on Tuesday, November 5th. The information technology services provider reported $0.04 earnings per share (EPS) 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 Inflows and Outflows

A hedge fund recently raised its stake in MIND C.T.I. stock. Glenorchy Capital Ltd raised its holdings in MIND C.T.I. Ltd (NASDAQ:MNDO) by 13.8% during the 3rd quarter, according to the company in its most recent disclosure with the 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 1.30% of MIND C.T.I. worth $514,000 as of its most recent SEC filing. 24.32% of the stock is currently owned by 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.