MIND Technology (NASDAQ:MIND) Stock Rating Upgraded by StockNews.com

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

MIND Technology Stock Performance

Shares of MIND opened at $7.47 on Monday. MIND Technology has a 1 year low of $3.05 and a 1 year high of $8.55. The stock has a market capitalization of $10.53 million, a PE ratio of 2.40 and a beta of 0.90. The stock has a 50-day simple moving average of $5.88 and a 200-day simple moving average of $4.68.

Hedge Funds Weigh In On MIND Technology

An institutional investor recently bought a new position in MIND Technology stock. Virtu Financial LLC acquired a new position in shares of MIND Technology, Inc. (NASDAQ:MIND) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,104 shares of the company’s stock, valued at approximately $43,000. Virtu Financial LLC owned about 0.79% of MIND Technology as of its most recent SEC filing. 9.83% of the stock is 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.