MIND Technology (NASDAQ:MIND) Raised to Buy at StockNews.com

MIND Technology (NASDAQ:MIND) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

MIND Technology Stock Performance

Shares of MIND opened at $7.90 on Monday. The company has a 50 day moving average price of $5.88 and a 200-day moving average price of $4.68. MIND Technology has a fifty-two week low of $3.05 and a fifty-two week high of $8.55. The stock has a market capitalization of $11.11 million, a PE ratio of 2.54 and a beta of 0.90.

MIND Technology (NASDAQ:MIND) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $2.87 earnings per share 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

An institutional investor recently bought a new position in MIND Technology stock. Virtu Financial LLC purchased a new stake in shares of MIND Technology, Inc. (NASDAQ:MIND) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 11,104 shares of the company’s stock, valued at approximately $43,000. Virtu Financial LLC owned approximately 0.79% of MIND Technology at the end of the most recent quarter. 9.83% of the stock is owned by hedge funds and other institutional investors.

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.