MIND C.T.I. (NASDAQ:MNDO) Shares Pass Above 200 Day Moving Average of $2.09

MIND C.T.I. Ltd. (NASDAQ:MNDO) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.09 and traded as high as $2.09. MIND C.T.I. shares last traded at $2.05, with a volume of 26,198 shares traded.

The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.05. The company has a market cap of $40.79 million, a price-to-earnings ratio of 8.54 and a beta of 0.55. The stock has a fifty day moving average price of $2.06 and a two-hundred day moving average price of $2.09.

MIND C.T.I. (NASDAQ:MNDO) last issued its quarterly earnings results on Thursday, May 14th. The information technology services provider reported $0.06 EPS for the quarter. MIND C.T.I. had a return on equity of 23.47% and a net margin of 18.92%. The company had revenue of $6.01 million for the quarter.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. HighPoint Advisor Group LLC bought a new position in shares of MIND C.T.I. in the first quarter worth $27,000. Invesco Ltd. grew its position in MIND C.T.I. by 1.4% in the first quarter. Invesco Ltd. now owns 1,216,450 shares of the information technology services provider’s stock valued at $2,117,000 after acquiring an additional 16,450 shares during the last quarter. Renaissance Technologies LLC grew its position in MIND C.T.I. by 23.1% in the fourth quarter. Renaissance Technologies LLC now owns 101,932 shares of the information technology services provider’s stock valued at $246,000 after acquiring an additional 19,115 shares during the last quarter. Finally, Morgan Stanley grew its position in MIND C.T.I. by 5.7% in the first quarter. Morgan Stanley now owns 1,220,218 shares of the information technology services provider’s stock valued at $2,123,000 after acquiring an additional 65,444 shares during the last quarter. Institutional investors own 15.03% of the company’s stock.

About MIND C.T.I. (NASDAQ:MNDO)

MIND C.T.I. Ltd., together with its subsidiaries, designs, develops, markets, supports, implements, and operates real-time and off-line convergent billing and customer care software solutions in the United States, the United Kingdom and Rest of Europe, Israel, and internationally. The company offers billing and customer care solution that supports various services, such as voice, data, and content services, as well as prepaid, postpaid, and pay-in-advance payment models in a single platform.

Read More: Understanding Price to Earnings Ratio (PE)

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