MIND Technology (NASDAQ:MIND) Stock Price Up 9.6% – What’s Next?

MIND Technology, Inc. (NASDAQ:MIND)’s stock price rose 9.6% during mid-day trading on Tuesday . The company traded as high as $8.62 and last traded at $8.35. Approximately 111,363 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 188,342 shares. The stock had previously closed at $7.62.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MIND. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MIND Technology in a research report on Monday, March 23rd. Wall Street Zen downgraded shares of MIND Technology from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

MIND Technology Stock Performance

The stock has a fifty day simple moving average of $8.41 and a 200-day simple moving average of $9.29. The stock has a market cap of $79.53 million, a P/E ratio of 23.16 and a beta of 0.58.

Institutional Investors Weigh In On MIND Technology

Institutional investors have recently bought and sold shares of the company. Brighton Jones LLC acquired a new stake in shares of MIND Technology in the fourth quarter valued at approximately $138,000. Cerity Partners LLC acquired a new position in MIND Technology during the fourth quarter worth $218,000. LPL Financial LLC grew its position in MIND Technology by 8.1% in the fourth quarter. LPL Financial LLC now owns 19,736 shares of the company’s stock valued at $173,000 after purchasing an additional 1,472 shares in the last quarter. Marshall Wace LLP acquired a new stake in MIND Technology in the 4th quarter valued at $125,000. Finally, Arkadios Wealth Advisors acquired a new stake in MIND Technology in the 4th quarter valued at $106,000. Institutional investors own 9.83% of the company’s stock.

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.