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

MIND C.T.I. Ltd (NASDAQ:MNDO)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.93 and traded as high as $2.02. MIND C.T.I. shares last traded at $2.02, with a volume of 14,363 shares changing hands.

MIND C.T.I. Price Performance

The firm has a market cap of $40.25 million, a P/E ratio of 9.09 and a beta of 0.78. The firm’s 50-day moving average price is $1.98 and its 200 day moving average price is $1.93.

MIND C.T.I. (NASDAQ:MNDO) last released 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 Inflows and Outflows

A hedge fund recently raised its stake in MIND C.T.I. stock. Glenorchy Capital Ltd raised its position in MIND C.T.I. Ltd (NASDAQ:MNDO) by 13.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 260,783 shares of the information technology services provider’s stock after purchasing an additional 31,544 shares during the quarter. Glenorchy Capital Ltd owned about 1.30% of MIND C.T.I. worth $514,000 as of its most recent filing with the Securities and Exchange Commission. 24.32% of the stock is 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.