StockNews.com Downgrades MIND Technology (NASDAQ:MIND) to Sell

MIND Technology (NASDAQ:MIND) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report released on Wednesday.

MIND Technology Stock Up 5.2 %

Shares of MIND Technology stock opened at $3.81 on Wednesday. MIND Technology has a twelve month low of $3.05 and a twelve month high of $7.83. The company’s 50 day moving average is $4.27 and its 200 day moving average is $4.61. The company has a market cap of $5.37 million, a price-to-earnings ratio of -2.24 and a beta of 1.13.

MIND Technology (NASDAQ:MIND) last released its quarterly earnings results on Wednesday, September 11th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.13). The firm had revenue of $10.04 million during the quarter.

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.