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Shares of NASDAQ MIND opened at $1.98 on Thursday. The firm’s 50-day moving average price is $1.98 and its two-hundred day moving average price is $2.18. MIND Technology has a 52-week low of $1.70 and a 52-week high of $3.29. The stock has a market capitalization of $27.27 million, a P/E ratio of -1.27 and a beta of 2.05.
In other MIND Technology news, Director Peter H. Blum purchased 13,000 shares of the business’s stock in a transaction dated Tuesday, July 20th. The shares were bought at an average price of $1.94 per share, with a total value of $25,220.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter H. Blum purchased 25,000 shares of the business’s stock in a transaction dated Wednesday, July 28th. The shares were acquired at an average cost of $1.99 per share, for a total transaction of $49,750.00. Following the acquisition, the director now owns 599,528 shares of the company’s stock, valued at approximately $1,193,060.72. The disclosure for this purchase can be found here. Insiders acquired 104,546 shares of company stock worth $207,062 in the last three months. 12.20% of the stock is currently owned by corporate insiders.
An institutional investor recently raised its position in MIND Technology stock. Morgan Stanley lifted its stake in shares of MIND Technology, Inc. (NASDAQ:MIND) by 38.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,000 shares of the company’s stock after acquiring an additional 19,500 shares during the quarter. Morgan Stanley owned about 0.51% of MIND Technology worth $158,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 34.03% of the company’s stock.
MIND Technology Company Profile
MIND Technology, Inc engages in the provision of technology and solutions for exploration, survey and defense applications in oceanographic, hydrographic, defense, seismic and security industries. The firm’s Marine Technology products business is comprised of the design, manufacture, and sale of specialized marine seismic equipment, side scan sonar, water-side security systems, and the equipment sales activities of its Australian subsidiary, Seismic Asia Pacific Pty Ltd.
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