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

MIND Technology (NASDAQ:MIND) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

MIND Technology Price Performance

NASDAQ:MIND opened at $8.59 on Tuesday. The stock has a market cap of $12.08 million, a P/E ratio of 2.76 and a beta of 0.90. MIND Technology has a one year low of $3.05 and a one year high of $9.35. The company has a fifty day moving average price of $6.54 and a 200 day moving average price of $4.89.

MIND Technology (NASDAQ:MIND) last released its earnings results 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%.

Hedge Funds Weigh In On MIND Technology

An institutional investor recently bought a new position in MIND Technology stock. Brighton Jones LLC acquired a new stake in MIND Technology, Inc. (NASDAQ:MIND) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 17,318 shares of the company’s stock, valued at approximately $138,000. Brighton Jones LLC owned approximately 1.23% of MIND Technology as of its most recent filing with the SEC. 9.83% of the stock is currently owned by institutional investors.

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.