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

MIND C.T.I. Ltd. (NASDAQ:MNDO) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.20 and traded as high as $1.2254. MIND C.T.I. shares last traded at $1.22, with a volume of 5,454 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of MIND C.T.I. in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

MIND C.T.I. Price Performance

The stock has a market cap of $24.85 million, a P/E ratio of 9.39 and a beta of 0.59. The company has a fifty day moving average of $1.19 and a 200 day moving average of $1.20.

MIND C.T.I. (NASDAQ:MNDO) last issued its quarterly earnings results on Wednesday, November 12th. The information technology services provider reported $0.03 earnings per share (EPS) for the quarter. MIND C.T.I. had a return on equity of 13.08% and a net margin of 14.63%.The firm had revenue of $4.82 million during the quarter.

Hedge Funds Weigh In On MIND C.T.I.

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

MIND C.T.I. Company Profile

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.