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

Shares of MIND C.T.I. Ltd (NASDAQ:MNDO) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.98 and traded as high as $2.05. MIND C.T.I. shares last traded at $2.05, with a volume of 19,402 shares trading hands.

MIND C.T.I. Stock Performance

The company has a market cap of $41.26 million, a P/E ratio of 9.32 and a beta of 0.79. The business has a fifty day simple moving average of $2.05 and a 200 day simple moving average of $1.98.

Institutional Trading of MIND C.T.I.

A hedge fund recently raised its stake in MIND C.T.I. stock. Northern Trust Corp boosted its position in shares of MIND C.T.I. Ltd (NASDAQ:MNDO) by 91.4% during the 4th quarter, according to 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 acquiring an additional 36,781 shares during the period. Northern Trust Corp owned approximately 0.38% of MIND C.T.I. worth $152,000 at the end of the most recent quarter. 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., 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.