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

MIND C.T.I. Ltd. (NASDAQ:MNDO) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.16 and traded as high as $1.2299. MIND C.T.I. shares last traded at $1.2250, with a volume of 16,005 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of MIND C.T.I. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

MIND C.T.I. Stock Up 1.6%

The firm has a market cap of $25.46 million, a PE ratio of 9.62 and a beta of 0.54. The stock has a 50 day moving average price of $1.19 and a two-hundred day moving average price of $1.16.

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

Large investors have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new position in shares of MIND C.T.I. in the 1st quarter valued at $37,000. Signal Advisors Wealth LLC acquired a new position in shares of MIND C.T.I. in the fourth quarter valued at about $41,000. Finally, Glenorchy Capital Ltd increased its holdings in shares of MIND C.T.I. by 9.1% in the second quarter. Glenorchy Capital Ltd now owns 273,791 shares of the information technology services provider’s stock valued at $375,000 after purchasing an additional 22,808 shares during the period. 24.32% of the stock is owned by hedge funds and other institutional investors.

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.