MIND C.T.I. (NASDAQ:MNDO) Stock Crosses Above Two Hundred Day Moving Average of $2.26

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

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

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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