MITCHAM INDUSTR/SH (NASDAQ:MIND) Director Peter H. Blum acquired 5,000 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was bought at an average cost of $2.77 per share, for a total transaction of $13,850.00. Following the purchase, the director now directly owns 496,224 shares of the company’s stock, valued at $1,374,540.48. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of NASDAQ MIND traded up $0.20 during trading on Tuesday, hitting $2.95. The company had a trading volume of 17,542 shares, compared to its average volume of 22,138. The stock has a 50 day simple moving average of $3.40 and a 200 day simple moving average of $3.76. The company has a quick ratio of 2.73, a current ratio of 4.38 and a debt-to-equity ratio of 0.06. MITCHAM INDUSTR/SH has a 12 month low of $2.50 and a 12 month high of $4.42.
MITCHAM INDUSTR/SH (NASDAQ:MIND) last issued its earnings results on Wednesday, September 4th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.11). The business had revenue of $8.90 million for the quarter. MITCHAM INDUSTR/SH had a negative net margin of 32.57% and a negative return on equity of 22.40%.
MITCHAM INDUSTR/SH Company Profile
Mitcham Industries, Inc, through its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic and maritime security industries worldwide. The company operates in two segments, Marine Technology Products, and Equipment Leasing. The Marine Technology Products segment develops, manufactures, and sells proprietary products.
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