MIND C.T.I. (NASDAQ:MNDO) Shares Cross Above 200-Day Moving Average – Time to Sell?

MIND C.T.I. Ltd (NASDAQ:MNDO) passed 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 traded.

MIND C.T.I. Stock Up 0.5 %

The business has a 50 day moving average price of $2.00 and a two-hundred day moving average price of $1.95. The stock has a market cap of $42.45 million, a P/E ratio of 9.59 and a beta of 0.78.

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

Institutional Trading of MIND C.T.I.

An institutional investor recently raised its position in MIND C.T.I. stock. Glenorchy Capital Ltd boosted its position in shares of MIND C.T.I. Ltd (NASDAQ:MNDO) by 13.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 260,783 shares of the information technology services provider’s stock after buying an additional 31,544 shares during the period. Glenorchy Capital Ltd owned 1.30% of MIND C.T.I. worth $514,000 at the end of the most recent quarter. Institutional investors and hedge funds own 24.32% of the company’s stock.

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.