MIND Technology (NASDAQ:MIND) Upgraded to “Buy” at 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 Thursday morning.

MIND Technology Trading Down 0.9 %

Shares of MIND opened at $3.75 on Thursday. The stock has a market cap of $5.28 million, a PE ratio of -124.79 and a beta of 1.13. MIND Technology has a 1 year low of $3.05 and a 1 year high of $7.83. The stock has a 50 day simple moving average of $3.97 and a 200-day simple moving average of $4.34.

MIND Technology (NASDAQ:MIND) last released its quarterly earnings data on Wednesday, September 11th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.13). The company had revenue of $10.04 million for the quarter. MIND Technology had a negative return on equity of 10.38% and a net margin of 9.88%.

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.