MIND C.T.I. (NASDAQ:MNDO) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

MIND C.T.I. Ltd (NASDAQ:MNDO) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.98 and traded as high as $2.10. MIND C.T.I. shares last traded at $2.08, with a volume of 12,698 shares trading hands.

MIND C.T.I. Price Performance

The firm has a market capitalization of $42.25 million, a price-to-earnings ratio of 9.55 and a beta of 0.79. The firm’s 50-day simple moving average is $2.04 and its 200 day simple moving average is $1.98.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in MIND C.T.I. stock. Northern Trust Corp raised its position in shares of MIND C.T.I. Ltd (NASDAQ:MNDO) by 91.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,009 shares of the information technology services provider’s stock after purchasing 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 reporting period. Hedge funds and other institutional investors own 24.32% of the company’s stock.

About MIND C.T.I.

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.