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

StockNews.com upgraded shares of MIND Technology (NASDAQ:MIND) from a hold rating to a buy rating in a research note issued to investors on Thursday morning.

MIND Technology Stock Down 0.3 %

Shares of NASDAQ:MIND traded down $0.01 during trading on Thursday, reaching $3.77. The stock had a trading volume of 442 shares, compared to its average volume of 42,452. The firm’s 50-day simple moving average is $3.99 and its 200 day simple moving average is $4.34. MIND Technology has a one year low of $3.05 and a one year high of $7.83.

MIND Technology (NASDAQ:MIND) last released its 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 during the quarter. MIND Technology had a negative return on equity of 10.38% and a net margin of 9.88%.

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.