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

MIND C.T.I. Ltd. (NASDAQ:MNDO)’s share price passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $1.04 and traded as high as $1.27. MIND C.T.I. shares last traded at $1.26, with a volume of 12,198,709 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of MIND C.T.I. in a report on Wednesday, November 4th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has a consensus rating of “Sell”.

MIND C.T.I. Trading Up 44.8%

The stock has a 50 day moving average price of $0.97 and a two-hundred day moving average price of $1.04. The company has a market cap of $25.43 million, a price-to-earnings ratio of 7.88 and a beta of 0.39.

MIND C.T.I. (NASDAQ:MNDO) last posted its quarterly earnings results on Tuesday, November 10th. The information technology services provider reported ($0.15) earnings per share (EPS) for the quarter. MIND C.T.I. had a return on equity of 14.09% and a net margin of 16.87%. The company had revenue of $4.36 million during the quarter.

Hedge Funds Weigh In On MIND C.T.I.

An institutional investor recently bought a new position in MIND C.T.I. stock. Renaissance Technologies LLC bought a new position in shares of MIND C.T.I. Ltd. (NASDAQ:MNDO) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 22,474 shares of the information technology services provider’s stock, valued at approximately $26,000. Renaissance Technologies LLC owned 0.11% of MIND C.T.I. at the end of the most recent quarter. Institutional investors own 24.32% of the company’s stock.

About MIND C.T.I.

MIND C.T.I. Ltd. is an Israel-based provider of software solutions for communications service providers. The company develops systems designed to support telecommunications operators with billing, customer care, service management and related operational processes. Its offerings have included solutions for prepaid and postpaid billing, rating, mediation, revenue management and customer relationship management. These tools are intended to help fixed-line, mobile, broadband and other communications providers manage subscribers, configure services, process usage data and automate charging and account-support functions.