MIND C.T.I. (NASDAQ:MNDO) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

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 $1.98 and traded as high as $2.10. MIND C.T.I. shares last traded at $2.08, with a volume of 12,698 shares changing hands.

MIND C.T.I. Stock Down 1.9 %

The business’s fifty day moving average is $2.04 and its two-hundred day moving average is $1.98. The firm has a market cap of $41.85 million, a price-to-earnings ratio of 9.45 and a beta of 0.79.

Institutional Investors Weigh In On MIND C.T.I.

An institutional investor recently raised its position in MIND C.T.I. stock. Northern Trust Corp increased its position in MIND C.T.I. Ltd (NASDAQ:MNDO) by 91.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,009 shares of the information technology services provider’s stock after purchasing an additional 36,781 shares during the quarter. Northern Trust Corp owned approximately 0.38% of MIND C.T.I. worth $152,000 as of its most recent SEC filing. 24.32% of the stock is currently owned by hedge funds and other institutional investors.

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.