MIND Technology (NASDAQ:MIND) Upgraded to “Hold” by StockNews.com

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

MIND Technology Stock Performance

Shares of MIND opened at $3.79 on Thursday. MIND Technology has a one year low of $3.05 and a one year high of $7.83. The stock’s fifty day moving average is $4.22 and its 200-day moving average is $4.53. The firm has a market capitalization of $5.33 million, a price-to-earnings ratio of -2.20 and a beta of 1.13.

MIND Technology (NASDAQ:MIND) last released its quarterly earnings results on Wednesday, September 11th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.13). The company had revenue of $10.04 million for the quarter. MIND Technology had a negative return on equity of 10.04% and a net margin of 9.88%.

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.