MIND C.T.I. (NASDAQ:MNDO) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

MIND C.T.I. Ltd (NASDAQ:MNDO) shares 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.

MIND C.T.I. Stock Up 0.5 %

The business has a fifty day simple moving average of $1.99 and a two-hundred day simple moving average of $1.95. The company has a market capitalization of $42.05 million, a price-to-earnings ratio of 9.50 and a beta of 0.78.

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

Institutional Trading of MIND C.T.I.

A hedge fund recently raised its stake in MIND C.T.I. stock. Glenorchy Capital Ltd boosted its position in MIND C.T.I. Ltd (NASDAQ:MNDO) by 13.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. 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 approximately 1.30% of MIND C.T.I. worth $514,000 as of its most recent filing with the SEC. 24.32% of the stock is currently 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.