MIND Technology (NASDAQ:MIND – Get Free Report) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “strong sell” rating in a report issued on Saturday, Wall Street Zen reports.
Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of MIND Technology in a research report on Tuesday, September 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, MIND Technology presently has an average rating of “Sell”.
Get Our Latest Analysis on MIND Technology
MIND Technology Stock Performance
MIND Technology (NASDAQ:MIND – Get Free Report) last posted its earnings results on Tuesday, September 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.11). MIND Technology had a negative net margin of 6.77% and a negative return on equity of 5.77%. The business had revenue of $5.62 million for the quarter, compared to analysts’ expectations of $7.68 million.
Institutional Investors Weigh In On MIND Technology
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Pinnacle Holdings LLC bought a new position in shares of MIND Technology during the second quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. bought a new stake in shares of MIND Technology in the 4th quarter worth approximately $27,000. Raymond James Financial Inc. bought a new stake in shares of MIND Technology in the 2nd quarter worth approximately $33,000. Royal Bank of Canada grew its stake in shares of MIND Technology by 209.8% in the 1st quarter. Royal Bank of Canada now owns 6,490 shares of the company’s stock worth $54,000 after buying an additional 4,395 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new stake in shares of MIND Technology in the 1st quarter worth approximately $87,000. Hedge funds and other institutional investors own 9.83% of the company’s stock.
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.
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