MIND C.T.I. (NASDAQ:MNDO) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

MIND C.T.I. Ltd. (NASDAQ:MNDO – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.10 and traded as low as $1.03. MIND C.T.I. shares last traded at $1.03, with a volume of 52,980 shares traded.

MIND C.T.I. Price Performance

The stock has a market cap of $20.58 million, a PE ratio of 7.29 and a beta of 0.39. The business has a fifty day moving average of $0.98 and a 200 day moving average of $1.10.

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MIND C.T.I. (NASDAQ:MNDO – Get Free Report) last posted its quarterly earnings data on Monday, May 11th. The information technology services provider reported $0.04 earnings per share (EPS) for the quarter. MIND C.T.I. had a return on equity of 13.20% and a net margin of 15.26%.The company had revenue of $5.08 million for the quarter.

Institutional Trading of MIND C.T.I.

Hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC bought a new stake in shares of MIND C.T.I. in the first quarter worth $37,000. Renaissance Technologies LLC bought a new position in MIND C.T.I. during the 1st quarter valued at $26,000. Signal Advisors Wealth LLC acquired a new position in MIND C.T.I. during the 4th quarter worth $41,000. Finally, Glenorchy Capital Ltd grew its holdings in MIND C.T.I. by 9.1% during the 2nd quarter. Glenorchy Capital Ltd now owns 273,791 shares of the information technology services provider’s stock worth $375,000 after acquiring an additional 22,808 shares in the last quarter. Institutional investors and hedge funds own 24.32% of the company’s stock.

MIND C.T.I. Company Profile

(Get Free Report)

MIND C.T.I. Ltd. is a provider of operations support systems (OSS) and network automation solutions for telecommunications service providers and cable operators. The company’s product portfolio includes service fulfillment, inventory and resource management, trouble ticketing, network monitoring, mediation, revenue assurance and analytics modules. By integrating these modules through a unified platform, MIND C.T.I. enables service providers to streamline service activation, reduce manual intervention, improve network visibility and drive operational efficiencies.

Founded in 1990 and headquartered in Tel Aviv, Israel, MIND C.T.I.

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