MIND Technology (MIND) Stock Surges Amid Market Fluctuations

Author's Avatar
Dec 09, 2024
Article's Main Image

MIND Technology (MIND, Financial) experienced a notable stock surge of 5.29%, reaching $4.18 per share with a trading volume of 111,839 shares and a turnover rate of 1.40%. The company's recent financial report revealed revenue of $10.04 million, a net profit of $798,000, and an earnings per share of -$0.11. The gross profit was $4.54 million, and the price-to-earnings ratio stood at -207.50. Currently, no institutional ratings are available for MIND Technology.

In the tech instruments sector, which saw an overall decline of 1.50%, MIND Technology, alongside Know Labs, Inc. and Mesa Laboratories, Inc., showed significant gains. MIND Technology specializes in high-performance sonar and seismic equipment for various industries, with its Seamap Marine Products division generating the most revenue.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.