MIND C.T.I. (NASDAQ:MNDO) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

MIND C.T.I. Ltd (NASDAQ:MNDO)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.91 and traded as high as $1.99. MIND C.T.I. shares last traded at $1.99, with a volume of 20,324 shares.

MIND C.T.I. Stock Performance

The stock has a market cap of $39.94 million, a PE ratio of 9.02 and a beta of 0.79. The business has a 50 day moving average price of $1.96 and a two-hundred day moving average price of $1.91.

MIND C.T.I. (NASDAQ:MNDO) last announced its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $5.21 million during 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 3rd 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 purchasing an additional 31,544 shares during the period. Glenorchy Capital Ltd owned about 1.30% of MIND C.T.I. worth $514,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 24.32% of the company’s stock.

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.