MIND Technology (NASDAQ:MIND) Posts Earnings Results, Misses Estimates By $0.04 EPS

MIND Technology (NASDAQ:MIND) released its earnings results on Thursday. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.04), MarketWatch Earnings reports. The firm had revenue of $8.75 million during the quarter.

MIND Technology Stock Down 2.9 %

MIND stock opened at $0.61 on Friday. MIND Technology has a twelve month low of $0.37 and a twelve month high of $0.81. The business has a 50 day moving average of $0.64 and a 200 day moving average of $0.58.

Institutional Inflows and Outflows

An institutional investor recently raised its position in MIND Technology stock. Renaissance Technologies LLC grew its holdings in MIND Technology, Inc. (NASDAQ:MIND) by 7.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 524,436 shares of the company’s stock after purchasing an additional 36,150 shares during the period. Renaissance Technologies LLC owned about 3.80% of MIND Technology worth $320,000 as of its most recent SEC filing. 11.79% 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. 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.