MIND Technology (NASDAQ:MIND – Get Free Report) issued its earnings results on Thursday. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.04), MarketWatch Earnings reports. The company had revenue of $8.75 million for the quarter.
MIND Technology Stock Performance
MIND Technology stock opened at $0.61 on Friday. MIND Technology has a 1-year low of $0.37 and a 1-year high of $0.81. The stock’s fifty day moving average is $0.64 and its two-hundred day moving average is $0.58.
Institutional Trading of MIND Technology
A hedge fund recently raised its stake in MIND Technology stock. Renaissance Technologies LLC increased its holdings in MIND Technology, Inc. (NASDAQ:MIND – Free Report) by 7.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 524,436 shares of the company’s stock after acquiring an additional 36,150 shares during the quarter. Renaissance Technologies LLC owned approximately 3.80% of MIND Technology worth $320,000 at the end of the most recent quarter. 11.79% of the stock is owned by institutional investors and hedge funds.
About MIND Technology
MIND Technology, Inc, together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries. It operates in two segments, Seamap Marine Products and Klein Marine Products. The company's 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; Sea Serpent line of passive sonar arrays for maritime security and anti-submarine warfare applications; SeaLink towed streamer systems; and SeaLink towed seismic streamer system.
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