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

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

MIND Technology Price Performance

MIND stock opened at $6.35 on Wednesday. The firm has a 50 day simple moving average of $4.06 and a two-hundred day simple moving average of $4.17. The stock has a market cap of $8.93 million, a PE ratio of 2.04 and a beta of 1.18. MIND Technology has a one year low of $3.05 and a one year high of $7.39.

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) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,104 shares of the company’s stock, valued at approximately $43,000. Virtu Financial LLC owned approximately 0.79% of MIND Technology at the end of the most recent quarter. 9.83% of the stock is owned by hedge funds and other institutional investors.

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.