MIND Technology (NASDAQ:MIND) Downgraded by StockNews.com to Hold

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

MIND Technology Stock Performance

MIND stock opened at $7.60 on Wednesday. The stock’s 50 day moving average price is $4.21 and its 200 day moving average price is $4.21. The firm has a market cap of $10.69 million, a P/E ratio of 2.44 and a beta of 1.18. MIND Technology has a 1 year low of $3.05 and a 1 year high of $8.18.

Institutional Investors Weigh In On MIND Technology

An institutional investor recently bought a new position in MIND Technology stock. Virtu Financial LLC acquired a new stake in shares of MIND Technology, Inc. (NASDAQ:MIND) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,104 shares of the company’s stock, valued at approximately $43,000. Virtu Financial LLC owned about 0.79% of MIND Technology at the end of the most recent reporting period. 9.83% of the stock is currently owned by hedge funds and other institutional investors.

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.