Shares of Mitcham Industries, Inc. (NASDAQ:MIND) have received a consensus broker rating score of 0.00 () from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Zacks has also assigned Mitcham Industries an industry rank of 110 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded Mitcham Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, February 14th.
Several hedge funds have recently made changes to their positions in the stock. Divisar Capital Management LLC acquired a new stake in shares of Mitcham Industries during the fourth quarter valued at $2,233,000. Renaissance Technologies LLC increased its stake in shares of Mitcham Industries by 6.8% in the fourth quarter. Renaissance Technologies LLC now owns 209,100 shares of the company’s stock valued at $868,000 after buying an additional 13,300 shares in the last quarter. Finally, GRT Capital Partners L.L.C. increased its stake in shares of Mitcham Industries by 161.4% in the fourth quarter. GRT Capital Partners L.L.C. now owns 61,676 shares of the company’s stock valued at $256,000 after buying an additional 38,083 shares in the last quarter. Institutional investors own 60.55% of the company’s stock.
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Shares of Mitcham Industries (NASDAQ:MIND) opened at 4.71 on Tuesday. The stock’s market capitalization is $56.87 million. The firm’s 50-day moving average price is $4.75 and its 200 day moving average price is $3.89. Mitcham Industries has a 1-year low of $2.65 and a 1-year high of $5.14.
Mitcham Industries Company Profile
Mitcham Industries, Inc is a provider of equipment to the geophysical, oceanographic and hydrographic industries. The Company operates through two segments. The Equipment Leasing segment is primarily engaged in the leasing of seismic equipment to companies in the oil and gas industry across the world.
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