MIND C.T.I. (NASDAQ:MNDO) Share Price Crosses Above 200-Day Moving Average of $2.26

MIND C.T.I. Ltd. (NASDAQ:MNDO)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.26 and traded as high as $2.54. MIND C.T.I. shares last traded at $2.53, with a volume of 21,523 shares changing hands.

Separately, ValuEngine downgraded shares of MIND C.T.I. from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th.

The business’s fifty day moving average is $2.36 and its 200-day moving average is $2.26. The stock has a market capitalization of $50.21 million, a PE ratio of 9.52 and a beta of 0.51. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.02.

A number of institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley grew its holdings in MIND C.T.I. by 1.5% in the second quarter. Morgan Stanley now owns 1,065,560 shares of the information technology services provider’s stock valued at $2,376,000 after purchasing an additional 15,862 shares during the period. Municipal Employees Retirement System of Michigan grew its holdings in MIND C.T.I. by 37.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 191,480 shares of the information technology services provider’s stock valued at $427,000 after purchasing an additional 52,350 shares during the period. Acadian Asset Management LLC grew its holdings in MIND C.T.I. by 2.9% in the second quarter. Acadian Asset Management LLC now owns 166,752 shares of the information technology services provider’s stock valued at $372,000 after purchasing an additional 4,670 shares during the period. BlackRock Inc. grew its holdings in MIND C.T.I. by 134.5% in the second quarter. BlackRock Inc. now owns 132,745 shares of the information technology services provider’s stock valued at $296,000 after purchasing an additional 76,143 shares during the period. Finally, Seizert Capital Partners LLC purchased a new stake in MIND C.T.I. in the second quarter valued at approximately $214,000. Hedge funds and other institutional investors own 16.58% of the company’s stock.

About MIND C.T.I. (NASDAQ:MNDO)

MIND C.T.I. Ltd., together with its subsidiaries, designs, develops, markets, supports, implements, and operates real-time and off-line convergent billing and customer care software solutions in the United States, the United Kingdom and Rest of Europe, Israel, and internationally. The company offers billing and customer care solution that supports various services, such as voice, data, and content services, as well as prepaid, postpaid, and pay-in-advance payment models in a single platform.

Read More: Short Selling

Receive News & Ratings for MIND C.T.I. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MIND C.T.I. and related companies with MarketBeat.com's FREE daily email newsletter.