MIND Technology (NASDAQ:MIND) Upgraded to Buy at StockNews.com

MIND Technology (NASDAQ:MIND) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

MIND Technology Stock Performance

Shares of MIND Technology stock traded down $0.22 on Monday, reaching $7.47. 126,557 shares of the company were exchanged, compared to its average volume of 375,961. The firm has a market cap of $10.53 million, a price-to-earnings ratio of 2.40 and a beta of 0.90. MIND Technology has a 1-year low of $3.05 and a 1-year high of $8.55. The company’s 50-day moving average is $5.88 and its two-hundred day moving average is $4.68.

Institutional Investors Weigh In On MIND Technology

A hedge fund recently bought a new stake in MIND Technology stock. Virtu Financial LLC bought a new stake in MIND Technology, Inc. (NASDAQ:MIND) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,104 shares of the company’s stock, valued at approximately $43,000. Virtu Financial LLC owned approximately 0.79% of MIND Technology as of its most recent SEC filing. 9.83% of the stock is currently owned by institutional investors and hedge funds.

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.