MIND Technology (NASDAQ:MIND) Cut to “Hold” at StockNews.com

StockNews.com cut shares of MIND Technology (NASDAQ:MIND) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

MIND Technology Price Performance

Shares of NASDAQ MIND opened at $9.29 on Tuesday. The company has a market capitalization of $13.10 million, a P/E ratio of 2.99 and a beta of 0.90. The company has a 50 day simple moving average of $6.65 and a 200-day simple moving average of $4.92. MIND Technology has a 1 year low of $3.05 and a 1 year high of $9.45.

MIND Technology (NASDAQ:MIND) last posted its earnings results on Tuesday, December 10th. The company reported $2.87 earnings per share (EPS) for the quarter. MIND Technology had a negative return on equity of 104.48% and a net margin of 9.92%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MIND Technology stock. Virtu Financial LLC bought a new stake in MIND Technology, Inc. (NASDAQ:MIND) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 own 9.83% of the company’s stock.

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.