MIND C.T.I. (NASDAQ:MNDO) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

MIND C.T.I. Ltd (NASDAQ:MNDO) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.91 and traded as high as $1.99. MIND C.T.I. shares last traded at $1.99, with a volume of 20,324 shares trading hands.

MIND C.T.I. Trading Up 0.8 %

The business has a 50-day moving average of $1.96 and a 200 day moving average of $1.91. The firm has a market capitalization of $39.94 million, a P/E ratio of 9.02 and a beta of 0.79.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in MIND C.T.I. stock. BNP Paribas Financial Markets grew its stake in shares of MIND C.T.I. Ltd (NASDAQ:MNDO) by 24.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 74,510 shares of the information technology services provider’s stock after purchasing an additional 14,810 shares during the period. BNP Paribas Financial Markets owned about 0.37% of MIND C.T.I. worth $141,000 as of its most recent filing with the SEC. 24.32% of the stock is currently owned by institutional investors and hedge funds.

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.