MIND Technology (NASDAQ:MIND) Releases Quarterly Earnings Results, Misses Expectations By $0.13 EPS

Posted by Stacy Sanders on Sep 13th, 2024

MIND Technology (NASDAQ:MIND – Get Free Report) issued its earnings results on Wednesday. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.13), Yahoo Finance reports. The firm had revenue of $10.04 million for the quarter. MIND Technology had a negative return on equity of 10.04% and a net margin of 9.88%.

MIND Technology Stock Up 5.2 %

MIND stock opened at $3.81 on Friday. The firm has a market capitalization of $5.37 million, a PE ratio of -2.22 and a beta of 1.13. MIND Technology has a twelve month low of $3.05 and a twelve month high of $7.83. The stock’s 50 day moving average is $4.26 and its 200-day moving average is $4.61.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of MIND Technology from a “hold” rating to a “sell” rating in a report on Wednesday.

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MIND Technology Company Profile

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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.