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

Shares of MIND C.T.I. Ltd (NASDAQ:MNDO) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.92 and traded as high as $2.02. MIND C.T.I. shares last traded at $1.99, with a volume of 27,825 shares changing hands.

MIND C.T.I. Stock Down 0.5 %

The company has a market capitalization of $39.55 million, a PE ratio of 8.93 and a beta of 0.78. The stock has a 50-day moving average of $1.97 and a 200 day moving average of $1.92.

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

Institutional Trading of MIND C.T.I.

An institutional investor recently raised its position in MIND C.T.I. stock. Glenorchy Capital Ltd grew its stake in shares of MIND C.T.I. Ltd (NASDAQ:MNDO) by 13.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 260,783 shares of the information technology services provider’s stock after acquiring an additional 31,544 shares during the period. Glenorchy Capital Ltd owned about 1.30% of MIND C.T.I. worth $514,000 at the end of the most recent reporting period. 24.32% of the stock is owned by institutional investors and hedge funds.

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.