MIND Technology (NASDAQ:MIND) Posts Earnings Results

MIND Technology (NASDAQ:MIND) released its earnings results on Wednesday. The company reported ($0.05) EPS for the quarter, Zacks reports. MIND Technology had a net margin of 1.83% and a return on equity of 2.19%. The firm had revenue of $9.67 million during the quarter.

MIND Technology Stock Performance

Shares of NASDAQ MIND traded down $0.34 during mid-day trading on Wednesday, hitting $5.56. The stock had a trading volume of 249,389 shares, compared to its average volume of 167,111. The business has a 50 day moving average price of $7.07 and a two-hundred day moving average price of $8.22. MIND Technology has a 1 year low of $5.51 and a 1 year high of $14.50. The firm has a market cap of $50.54 million, a P/E ratio of 55.60 and a beta of 0.32.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Weiss Ratings cut shares of MIND Technology from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, April 24th. Wall Street Zen cut shares of MIND Technology from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, MIND Technology has an average rating of “Hold”.

Institutional Investors Weigh In On MIND Technology

Large investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC bought a new position in shares of MIND Technology during the fourth quarter valued at about $482,000. Evergreen Capital Management LLC purchased a new position in MIND Technology during the 2nd quarter valued at about $414,000. Citadel Advisors LLC bought a new position in MIND Technology during the 3rd quarter valued at approximately $340,000. HRT Financial LP bought a new position in MIND Technology during the 4th quarter valued at approximately $277,000. Finally, Jump Financial LLC purchased a new stake in MIND Technology in the 2nd quarter worth approximately $239,000. Institutional investors own 9.83% of the company’s stock.

MIND Technology Company Profile

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.