MIND C.T.I. Ltd. (NASDAQ:MNDO)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.22 and traded as high as $2.35. MIND C.T.I. shares last traded at $2.32, with a volume of 13,127 shares changing hands.
Separately, ValuEngine downgraded MIND C.T.I. from a “buy” rating to a “hold” rating in a report on Friday, September 27th.
The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average price of $2.33 and a two-hundred day moving average price of $2.22. The stock has a market capitalization of $46.00 million, a P/E ratio of 8.63 and a beta of 0.58.
MIND C.T.I. (NASDAQ:MNDO) last issued its quarterly earnings results on Monday, August 12th. The information technology services provider reported $0.05 earnings per share for the quarter. MIND C.T.I. had a return on equity of 27.20% and a net margin of 27.21%. The firm had revenue of $6.00 million during the quarter.
Several large investors have recently modified their holdings of the company. Acadian Asset Management LLC increased its holdings in shares of MIND C.T.I. by 2.9% during the second quarter. Acadian Asset Management LLC now owns 166,752 shares of the information technology services provider’s stock valued at $372,000 after acquiring an additional 4,670 shares in the last quarter. Morgan Stanley increased its holdings in MIND C.T.I. by 1.5% in the 2nd quarter. Morgan Stanley now owns 1,065,560 shares of the information technology services provider’s stock worth $2,376,000 after buying an additional 15,862 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in MIND C.T.I. by 37.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 191,480 shares of the information technology services provider’s stock worth $427,000 after buying an additional 52,350 shares in the last quarter. BlackRock Inc. increased its holdings in MIND C.T.I. by 134.5% in the 2nd quarter. BlackRock Inc. now owns 132,745 shares of the information technology services provider’s stock worth $296,000 after buying an additional 76,143 shares in the last quarter. Finally, Seizert Capital Partners LLC bought a new stake in MIND C.T.I. in the 2nd quarter worth about $214,000. Hedge funds and other institutional investors own 16.38% of the company’s stock.
MIND C.T.I. Company Profile (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.
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