MIND C.T.I. (NASDAQ:MNDO) Shares Cross Above 200 Day Moving Average of $0.00

MIND C.T.I. Ltd. (NASDAQ:MNDO)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $2.27. MIND C.T.I. shares last traded at $2.20, with a volume of 33,724 shares changing hands.

The company has a debt-to-equity ratio of 0.02, a current ratio of 2.35 and a quick ratio of 2.35. The business’s fifty day moving average price is $2.19. The company has a market capitalization of $43.78 million, a P/E ratio of 7.93 and a beta of 0.72.

MIND C.T.I. (NASDAQ:MNDO) last issued its quarterly earnings data on Monday, May 20th. The information technology services provider reported $0.08 earnings per share for the quarter. MIND C.T.I. had a net margin of 30.28% and a return on equity of 28.47%. The business had revenue of $4.46 million during the quarter.

Several institutional investors and hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC raised its position in MIND C.T.I. by 2.9% in the 2nd quarter. Acadian Asset Management LLC now owns 166,752 shares of the information technology services provider’s stock valued at $372,000 after buying an additional 4,670 shares during the last quarter. Seizert Capital Partners LLC purchased a new stake in MIND C.T.I. in the 2nd quarter valued at $214,000. Finally, Municipal Employees Retirement System of Michigan raised its position in MIND C.T.I. by 37.6% in the 2nd 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 buying an additional 52,350 shares during the last quarter. 15.86% of the stock is owned by institutional investors and hedge funds.

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.

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