MIND Technology (NASDAQ:MIND) Cut to “Hold” at StockNews.com

StockNews.com cut shares of MIND Technology (NASDAQ:MIND) from a buy rating to a hold rating in a report issued on Wednesday.

MIND Technology Stock Performance

Shares of MIND stock opened at $7.60 on Wednesday. MIND Technology has a 1 year low of $3.05 and a 1 year high of $8.18. The firm has a market cap of $10.69 million, a price-to-earnings ratio of 2.44 and a beta of 1.18. The stock’s 50-day moving average is $4.21 and its two-hundred day moving average is $4.21.

Institutional Investors Weigh In On MIND Technology

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