Shares of MIND Technology, Inc. (NASDAQ:MIND - Get Free Report) rose 9.6% during trading on Tuesday . The stock traded as high as $8.62 and last traded at $8.35. Approximately 111,363 shares changed hands during trading, a decline of 41% from the average daily volume of 188,342 shares. The stock had previously closed at $7.62.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on MIND shares. Wall Street Zen downgraded shares of MIND Technology from a "buy" rating to a "hold" rating in a report on Saturday, December 13th. Weiss Ratings restated a "hold (c)" rating on shares of MIND Technology in a research report on Monday, March 23rd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold".
View Our Latest Stock Report on MIND Technology
MIND Technology Stock Performance
The firm has a market capitalization of $75.48 million, a PE ratio of 21.97 and a beta of 0.58. The business's fifty day simple moving average is $8.46 and its 200-day simple moving average is $9.30.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in MIND. Hazlett Burt & Watson Inc. bought a new stake in shares of MIND Technology in the fourth quarter worth about $27,000. Pinnacle Holdings LLC bought a new stake in MIND Technology in the 3rd quarter worth approximately $28,000. Raymond James Financial Inc. bought a new stake in MIND Technology in the 2nd quarter worth approximately $33,000. Arkadios Wealth Advisors purchased a new stake in shares of MIND Technology during the 4th quarter worth approximately $106,000. Finally, Marshall Wace LLP bought a new position in shares of MIND Technology during the 4th quarter valued at approximately $125,000. Institutional investors own 9.83% of the company's stock.
About MIND Technology
(
Get Free Report)
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.
See Also
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