MIND Technology (NASDAQ:MIND) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of MIND Technology (NASDAQ:MIND) from a hold rating to a buy rating in a research report released on Monday.

MIND Technology Stock Up 1.0 %

Shares of NASDAQ:MIND opened at $7.98 on Monday. MIND Technology has a fifty-two week low of $3.05 and a fifty-two week high of $8.55. The firm’s 50-day simple moving average is $6.05 and its 200-day simple moving average is $4.73. The company has a market cap of $11.25 million, a price-to-earnings ratio of 2.57 and a beta of 0.90.

MIND Technology (NASDAQ:MIND) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $2.87 EPS for the quarter. MIND Technology had a negative return on equity of 104.48% and a net margin of 9.92%.

Institutional Inflows and Outflows

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