MIND Technology, Inc. (NASDAQ:MIND – Get Free Report)’s share price was up 4.7% on Monday . The company traded as high as $7.40 and last traded at $7.18. Approximately 200,799 shares were traded during trading, a decline of 16% from the average daily volume of 239,680 shares. The stock had previously closed at $6.86.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on MIND shares. Weiss Ratings cut MIND Technology from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, April 24th. Wall Street Zen cut MIND Technology from a “hold” rating to a “sell” rating in a research report on Saturday, April 18th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.
View Our Latest Analysis on MIND
MIND Technology Stock Performance
MIND Technology (NASDAQ:MIND – Get Free Report) last released its quarterly earnings data on Wednesday, April 15th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.34). The company had revenue of $9.80 million for the quarter, compared to the consensus estimate of $14.65 million. MIND Technology had a return on equity of 2.19% and a net margin of 1.83%.During the same period in the prior year, the business earned $0.25 earnings per share.
Institutional Trading of MIND Technology
Several hedge funds and other institutional investors have recently modified their holdings of MIND. Commonwealth Equity Services LLC purchased a new stake in shares of MIND Technology during the fourth quarter worth $482,000. Evergreen Capital Management LLC purchased a new stake in shares of MIND Technology during the second quarter worth $414,000. Citadel Advisors LLC purchased a new stake in shares of MIND Technology during the third quarter worth $340,000. HRT Financial LP purchased a new stake in shares of MIND Technology during the fourth quarter worth $277,000. Finally, Jump Financial LLC purchased a new stake in shares of MIND Technology during the second quarter worth $239,000. 9.83% of the stock is currently 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.
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