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

MIND C.T.I. Ltd (NASDAQ:MNDO)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.99 and traded as high as $2.00. MIND C.T.I. shares last traded at $1.98, with a volume of 47,231 shares.

MIND C.T.I. Stock Performance

The firm has a 50 day moving average price of $2.04 and a 200-day moving average price of $1.99. The company has a market cap of $40.85 million, a P/E ratio of 9.23 and a beta of 0.76.

MIND C.T.I. (NASDAQ:MNDO) last released its quarterly earnings results on Tuesday, March 4th. The information technology services provider reported $0.06 EPS for the quarter. The company had revenue of $5.20 million for the quarter. MIND C.T.I. had a net margin of 22.08% and a return on equity of 21.27%.

MIND C.T.I. Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 25th will be given a $0.22 dividend. This represents a dividend yield of 10.9%. The ex-dividend date of this dividend is Tuesday, March 25th. MIND C.T.I.’s dividend payout ratio is currently 100.00%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in MIND C.T.I. stock. Northern Trust Corp boosted its holdings in shares of MIND C.T.I. Ltd (NASDAQ:MNDO) by 91.4% in the fourth quarter, according to the company in 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 purchasing an additional 36,781 shares during the period. Northern Trust Corp owned about 0.38% of MIND C.T.I. worth $152,000 as of its most recent SEC filing. 24.32% of the stock is owned by 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.