MIND Technology (NASDAQ:MIND) Releases Earnings Results, Beats Estimates By $0.07 EPS

MIND Technology (NASDAQ:MIND) issued its earnings results on Tuesday. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.07, Zacks reports. MIND Technology had a net margin of 9.92% and a negative return on equity of 104.48%. The company had revenue of $15.04 million for the quarter, compared to analysts’ expectations of $12.20 million. During the same period in the prior year, the firm earned $0.39 EPS.

MIND Technology Stock Performance

Shares of MIND stock opened at $5.44 on Wednesday. The company has a market capitalization of $7.65 million, a price-to-earnings ratio of 1.75 and a beta of 0.64. MIND Technology has a 52 week low of $3.05 and a 52 week high of $11.10. The company has a 50-day simple moving average of $6.78 and a 200 day simple moving average of $6.17.

Institutional Trading of MIND Technology

An institutional investor recently bought a new position in MIND Technology stock. Brighton Jones LLC bought a new stake in MIND Technology, Inc. (NASDAQ:MIND) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,318 shares of the company’s stock, valued at approximately $138,000. Brighton Jones LLC owned 1.23% of MIND Technology as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 9.83% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered MIND Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th.

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.