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 two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 trading hands.

MIND C.T.I. Stock Up 2.3 %

The firm’s 50 day simple moving average is $2.04 and its 200 day simple moving average is $1.99. The company has a market cap of $40.85 million, a price-to-earnings ratio of 9.23 and a beta of 0.76.

MIND C.T.I. (NASDAQ:MNDO) last posted its quarterly earnings data on Tuesday, March 4th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $5.20 million during 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 announced an annual dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 25th will be issued a dividend of $0.22 per share. This represents a yield of 10.9%. The ex-dividend date of this dividend is Tuesday, March 25th. MIND C.T.I.’s payout ratio is 100.00%.

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

A hedge fund recently raised its stake in MIND C.T.I. stock. Northern Trust Corp boosted its stake in MIND C.T.I. Ltd (NASDAQ:MNDO) by 91.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,009 shares of the information technology services provider’s stock after buying an additional 36,781 shares during the quarter. Northern Trust Corp owned approximately 0.38% of MIND C.T.I. worth $152,000 at the end of the most recent quarter. 24.32% of the stock is owned by institutional investors.

About MIND C.T.I.

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.