Wall Street Zen upgraded shares of MIND Technology (NASDAQ:MIND – Free Report) from a strong sell rating to a sell rating in a report issued on Saturday morning,Wall Street Zen reports.
Separately, Weiss Ratings cut MIND Technology from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, September 22nd. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, MIND Technology presently has a consensus rating of “Sell”.
Get Our Latest Stock Analysis on MIND
MIND Technology Stock Performance
Shares of MIND Technology stock opened at $4.31 on Friday. MIND Technology has a 52 week low of $3.63 and a 52 week high of $14.50. The stock has a 50 day moving average price of $4.41 and a two-hundred day moving average price of $5.56. The stock has a market capitalization of $39.17 million, a PE ratio of -16.58 and a beta of 0.33.
MIND Technology (NASDAQ:MIND – Get Free Report) last released its quarterly earnings data on Tuesday, September 8th. The company reported ($0.19) 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 firm had revenue of $5.62 million for the quarter, compared to the consensus estimate of $7.68 million.
Institutional Investors Weigh In On MIND Technology
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Pinnacle Holdings LLC acquired a new stake in shares of MIND Technology in the 2nd quarter worth about $25,000. Royal Bank of Canada boosted its stake in MIND Technology by 209.8% during the 1st quarter. Royal Bank of Canada now owns 6,490 shares of the company’s stock valued at $54,000 after purchasing an additional 4,395 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new position in MIND Technology during the 1st quarter valued at about $87,000. 9.83% of the stock is owned by institutional investors.
About MIND Technology
MIND Technology, Inc is a marine technology company that develops and supplies specialized equipment and systems for offshore seismic, hydrographic, oceanographic and defense applications. The company’s products are used to support marine exploration, survey operations, underwater positioning and data collection.
Through its Seamap business, MIND Technology offers marine seismic equipment and related technologies, including source-control systems, streamer-positioning and acoustic-navigation products, and other solutions designed to improve the accuracy and efficiency of offshore survey operations.
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