MIND Technology (NASDAQ:MIND) Upgraded by StockNews.com to “Buy”

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

MIND Technology Trading Down 1.1 %

NASDAQ MIND opened at $3.74 on Thursday. MIND Technology has a 1-year low of $3.05 and a 1-year high of $7.83. The company has a market capitalization of $5.26 million, a price-to-earnings ratio of -2.17 and a beta of 1.13. The stock’s 50 day moving average is $3.97 and its two-hundred day moving average is $4.34.

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

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.