MIND C.T.I. Ltd (MNDO) To Go Ex-Dividend on March 21st

MIND C.T.I. Ltd (NASDAQ:MNDO – Get Rating) declared an annual dividend on Wednesday, March 8th, Zacks reports. Shareholders of record on Wednesday, March 22nd will be paid a dividend of 0.24 per share by the information technology services provider on Thursday, April 6th. This represents a dividend yield of 10.48%. The ex-dividend date is Tuesday, March 21st.

MIND C.T.I. Price Performance

NASDAQ MNDO opened at $2.32 on Friday. The company has a 50 day simple moving average of $2.32 and a 200-day simple moving average of $2.23. The firm has a market capitalization of $46.68 million, a price-to-earnings ratio of 9.28 and a beta of 0.78. MIND C.T.I. has a 52-week low of $2.03 and a 52-week high of $3.22.

Institutional Trading of MIND C.T.I.

An institutional investor recently raised its position in MIND C.T.I. stock. Renaissance Technologies LLC boosted its holdings in shares of MIND C.T.I. Ltd (NASDAQ:MNDO – Get Rating) by 87.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,500 shares of the information technology services provider’s stock after acquiring an additional 18,000 shares during the quarter. Renaissance Technologies LLC owned approximately 0.19% of MIND C.T.I. worth $81,000 at the end of the most recent reporting period. 13.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, TheStreet raised shares of MIND C.T.I. from a “c+” rating to a “b-” rating in a research report on Wednesday, February 8th.

MIND C.T.I. Company Profile

(Get Rating)

MIND C.T.I. Ltd. engages in the development, manufacture, market, and implementation of real-time and off-line convergent billing and customer care software solutions for various types of communication providers. It operates through Billing and Related Services, and Messaging segments. The company was founded by Monica Iancu on April 6, 1995 and is headquartered in Yokneam, Israel.