MIND Technology (NASDAQ:MIND) Upgraded at StockNews.com

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

MIND Technology Stock Performance

Shares of MIND opened at $7.98 on Monday. The stock has a 50-day simple moving average of $6.05 and a 200-day simple moving average of $4.73. MIND Technology has a 1 year low of $3.05 and a 1 year high of $8.55. The stock has a market capitalization of $11.25 million, a PE ratio of 2.57 and a beta of 0.90.

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

Institutional Investors Weigh In On MIND Technology

A hedge fund recently bought a new stake in MIND Technology stock. Virtu Financial LLC acquired a new position in shares of MIND Technology, Inc. (NASDAQ:MIND) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 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. 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.