MIND Technology (NASDAQ:MIND) Downgraded to Hold Rating by Wall Street Zen

MIND Technology (NASDAQ:MIND - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.Get MIND Technology alerts:Separately, Weiss Ratings reissued a "hold (c+)" rating on shares of MIND Technology in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, MIND Technology presently has an average rating of "Hold".Get Our Latest Stock Analysis on MINDMIND Technology Price PerformanceShares of NASDAQ MIND opened at $8.48 on Friday. The stock has a market capitalization of $67.59 million, a P/E ratio of 22.32 and a beta of 0.57. MIND Technology has a one year low of $4.45 and a one year high of $14.50. The firm's 50 day simple moving average is $10.48 and its two-hundred day simple moving average is $9.13. MIND Technology (NASDAQ:MIND - Get Free Report) last announced its quarterly earnings data on Tuesday, December 9th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.15). MIND Technology had a return on equity of 11.06% and a net margin of 6.61%.The business had revenue of $9.69 million during the quarter, compared to the consensus estimate of $10.90 million. Institutional Investors Weigh In On MIND TechnologyInstitutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new position in shares of MIND Technology in the fourth quarter valued at about $138,000. ARS Wealth Advisors Group LLC purchased a new stake in shares of MIND Technology during the second quarter worth about $127,000. Evernest Financial Advisors LLC bought a new stake in shares of MIND Technology in the second quarter worth about $127,000. Geode Capital Management LLC increased its holdings in MIND Technology by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 89,550 shares of the company's stock valued at $756,000 after purchasing an additional 1,518 shares during the period. Finally, Corsair Capital Management L.P. purchased a new position in MIND Technology during the 2nd quarter valued at about $275,000. Hedge funds and other institutional investors own 9.83% of the company's stock. About MIND Technology (Get Free Report)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.Read MoreFive stocks we like better than MIND TechnologyWhat is a Secondary Public Offering? What Investors Need to KnowSynopsys Sees Bullish Shift as Ansys Integration Drives GrowthWhat is Put Option Volume?The Best Holiday Present You Can Give Yourself? Costco StockHow to Profit From Growth Investing Why Zscaler Stock Could Be Ready to Bounce After a 30% SelloffThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in MIND Technology Right Now?Before you consider MIND Technology, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MIND Technology wasn't on the list.While MIND Technology currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here