MIND Technology (NASDAQ:MIND) Downgraded by StockNews.com to “Hold”

StockNews.com lowered shares of MIND Technology (NASDAQ:MIND) from a buy rating to a hold rating in a research report report published on Tuesday.

MIND Technology Stock Down 0.9 %

MIND Technology stock opened at $8.70 on Tuesday. MIND Technology has a 52-week low of $3.05 and a 52-week high of $9.35. The firm’s fifty day moving average is $6.45 and its 200 day moving average is $4.86. The company has a market cap of $12.27 million, a price-to-earnings ratio of 2.80 and a beta of 0.90.

MIND Technology (NASDAQ:MIND) last announced its earnings results on Tuesday, December 10th. The company reported $2.87 earnings per share (EPS) for the quarter. MIND Technology had a net margin of 9.92% and a negative return on equity of 104.48%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MIND Technology stock. Virtu Financial LLC acquired a new position in MIND Technology, Inc. (NASDAQ:MIND) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,104 shares of the company’s stock, valued at approximately $43,000. Virtu Financial LLC owned about 0.79% of MIND Technology at the end of the most recent reporting period. 9.83% of the stock is owned by hedge funds and other institutional investors.

About MIND Technology

MIND Technology, Inc, together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries worldwide. Its primary products include the GunLink seismic source acquisition and control systems that provide operators of marine seismic surveys with precise monitoring and control of energy sources; the BuoyLink RGPS tracking system, which is used to offer precise positioning of marine seismic energy sources and streamers; Sleeve Gun energy sources; SeaLink towed seismic streamer system; and Sea Serpent line of passive sonar arrays for maritime security and anti-submarine warfare applications.