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

MIND C.T.I. Ltd. (NASDAQ:MNDO) passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $1.04 and traded as high as $1.27. MIND C.T.I. shares last traded at $1.26, with a volume of 12,198,709 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of MIND C.T.I. in a research report on Wednesday, November 4th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

MIND C.T.I. Trading Up 0.8%

The stock’s 50-day moving average price is $0.97 and its 200-day moving average price is $1.04. The stock has a market cap of $25.63 million, a price-to-earnings ratio of -63.47 and a beta of 0.39.

MIND C.T.I. (NASDAQ:MNDO) last posted its quarterly earnings data on Tuesday, November 10th. The information technology services provider reported ($0.15) earnings per share for the quarter. MIND C.T.I. had a negative return on equity of 1.24% and a negative net margin of 1.55%. The firm had revenue of $4.36 million for the quarter.

Institutional Trading of MIND C.T.I.

A hedge fund recently bought a new position in MIND C.T.I. stock. Renaissance Technologies LLC acquired a new position in MIND C.T.I. Ltd. (NASDAQ:MNDO) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 22,474 shares of the information technology services provider’s stock, valued at approximately $26,000. Renaissance Technologies LLC owned approximately 0.11% of MIND C.T.I. at the end of the most recent quarter. 24.32% of the stock is owned by institutional investors and hedge funds.

About MIND C.T.I.

MIND C.T.I. Ltd. is an Israel-based provider of software solutions for communications service providers. The company develops systems designed to support telecommunications operators with billing, customer care, service management and related operational processes. Its offerings have included solutions for prepaid and postpaid billing, rating, mediation, revenue management and customer relationship management. These tools are intended to help fixed-line, mobile, broadband and other communications providers manage subscribers, configure services, process usage data and automate charging and account-support functions.