MIND Technology (NASDAQ:MIND) Announces Quarterly Earnings Results, Misses Estimates By $0.15 EPS

MIND Technology (NASDAQ:MIND) posted its quarterly earnings results on Tuesday. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.15), FiscalAI reports. The business had revenue of $9.69 million during the quarter, compared to analyst estimates of $10.90 million. MIND Technology had a net margin of 8.81% and a return on equity of 15.85%.

MIND Technology Stock Performance

NASDAQ MIND traded up $0.07 on Tuesday, reaching $10.64. The stock had a trading volume of 335,547 shares, compared to its average volume of 263,309. The stock has a market cap of $84.80 million, a P/E ratio of 3.28 and a beta of 0.57. MIND Technology has a 12-month low of $4.06 and a 12-month high of $14.50. The business’s 50-day moving average price is $10.42 and its 200 day moving average price is $9.09.

Institutional Trading of MIND Technology

Several institutional investors and hedge funds have recently bought and sold shares of MIND. Brighton Jones LLC acquired a new stake in MIND Technology during the 4th quarter worth $138,000. Geode Capital Management LLC increased its stake in MIND Technology by 1.7% in the second quarter. Geode Capital Management LLC now owns 89,550 shares of the company’s stock valued at $756,000 after purchasing an additional 1,518 shares during the period. Jump Financial LLC purchased a new stake in shares of MIND Technology in the second quarter valued at about $239,000. Raymond James Financial Inc. acquired a new stake in shares of MIND Technology during the second quarter worth about $33,000. Finally, Evergreen Capital Management LLC purchased a new position in shares of MIND Technology during the second quarter worth about $414,000. Hedge funds and other institutional investors own 9.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MIND shares. Wall Street Zen lowered MIND Technology from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of MIND Technology in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

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.