MIND Technology (NASDAQ:MIND) Stock Rating Upgraded by StockNews.com

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

MIND Technology Trading Down 2.9 %

MIND stock traded down $0.22 during trading hours on Monday, hitting $7.47. 126,557 shares of the stock traded hands, compared to its average volume of 375,961. The stock has a 50-day simple moving average of $5.88 and a 200 day simple moving average of $4.68. The company has a market cap of $10.53 million, a P/E ratio of 2.40 and a beta of 0.90. MIND Technology has a one year low of $3.05 and a one year high of $8.55.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MIND Technology stock. Virtu Financial LLC bought a new stake in shares of MIND Technology, Inc. (NASDAQ:MIND) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 11,104 shares of the company’s stock, valued at approximately $43,000. Virtu Financial LLC owned 0.79% of MIND Technology as of its most recent SEC filing. Institutional investors and hedge funds own 9.83% of the company’s stock.

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.