MIND C.T.I. (NASDAQ:MNDO) Stock Crosses Below 200-Day Moving Average – What’s Next?

MIND C.T.I. Ltd. (NASDAQ:MNDO)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.10 and traded as low as $1.03. MIND C.T.I. shares last traded at $1.03, with a volume of 52,980 shares trading hands.

MIND C.T.I. Stock Down 8.0%

The stock has a market cap of $20.79 million, a price-to-earnings ratio of 7.36 and a beta of 0.39. The company has a 50 day simple moving average of $0.98 and a 200 day simple moving average of $1.10.

MIND C.T.I. (NASDAQ:MNDO) last posted its quarterly earnings results on Monday, May 11th. The information technology services provider reported $0.04 earnings per share for the quarter. The company had revenue of $5.08 million for the quarter. MIND C.T.I. had a net margin of 15.26% and a return on equity of 13.20%.

Institutional Trading of MIND C.T.I.

A number of hedge funds have recently added to or reduced their stakes in MNDO. Renaissance Technologies LLC bought a new stake in shares of MIND C.T.I. during the first quarter worth $26,000. Signal Advisors Wealth LLC bought a new position in shares of MIND C.T.I. in the 4th quarter valued at $41,000. Glenorchy Capital Ltd boosted its holdings in shares of MIND C.T.I. by 9.1% during the 2nd quarter. Glenorchy Capital Ltd now owns 273,791 shares of the information technology services provider’s stock valued at $375,000 after acquiring an additional 22,808 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in MIND C.T.I. during the 1st quarter worth $37,000. Institutional investors and hedge funds own 24.32% of the company’s stock.

About MIND C.T.I.

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.