MIND C.T.I. (NASDAQ:MNDO) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Posted by Defense World Staff on Mar 20th, 2025

MIND C.T.I. Ltd (NASDAQ:MNDO – Get Free Report)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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.

MIND C.T.I. Stock Down 0.8 %

The stock has a market capitalization of $39.75 million, a PE ratio of 8.98 and a beta of 0.76. The firm has a 50 day moving average price of $2.04 and a 200-day moving average price of $1.99.

MIND C.T.I. (NASDAQ:MNDO – Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The information technology services provider reported $0.06 earnings per share for the quarter. The company had revenue of $5.20 million during the quarter. MIND C.T.I. had a return on equity of 21.27% and a net margin of 22.08%.

MIND C.T.I. Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 25th will be given 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 dividend payout ratio is currently 100.00%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in MIND C.T.I. stock. Northern Trust Corp boosted its stake in shares of MIND C.T.I. Ltd (NASDAQ:MNDO – Free Report) by 91.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,009 shares of the information technology services provider’s stock after acquiring an additional 36,781 shares during the quarter. Northern Trust Corp owned 0.38% of MIND C.T.I. worth $152,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 24.32% of the company’s stock.

MIND C.T.I. Company Profile

(Get Free Report)

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.