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

StockNews.com upgraded shares of MIND Technology (NASDAQ:MIND) from a hold rating to a buy rating in a research report released on Monday.

MIND Technology Stock Down 2.9 %

MIND stock opened at $7.47 on Monday. MIND Technology has a twelve month low of $3.05 and a twelve month high of $8.55. The stock has a market capitalization of $10.53 million, a price-to-earnings ratio of 2.40 and a beta of 0.90. The firm’s fifty day simple moving average is $5.88 and its two-hundred day simple moving average is $4.68.

Hedge Funds Weigh In On MIND Technology

A hedge fund recently bought a new stake in MIND Technology stock. Virtu Financial LLC bought a new position in shares of MIND Technology, Inc. (NASDAQ:MIND) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,104 shares of the company’s stock, valued at approximately $43,000. Virtu Financial LLC owned about 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.