Mitcham Industries Inc. (NASDAQ:MIND) has earned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Zacks has also assigned Mitcham Industries an industry rank of 213 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 report on Wednesday, July 20th.
Hedge funds have recently added to or reduced their stakes in the company. Hancock Holding Co. purchased a new position in shares of Mitcham Industries during the second quarter worth approximately $106,000. Renaissance Technologies LLC raised its position in shares of Mitcham Industries by 15.3% in the first quarter. Renaissance Technologies LLC now owns 111,400 shares of the company’s stock worth $341,000 after buying an additional 14,800 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Mitcham Industries by 2.7% in the second quarter. Vanguard Group Inc. now owns 425,207 shares of the company’s stock worth $1,594,000 after buying an additional 11,200 shares during the last quarter. Boston Partners raised its position in shares of Mitcham Industries by 17.9% in the second quarter. Boston Partners now owns 448,727 shares of the company’s stock worth $1,683,000 after buying an additional 68,021 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Mitcham Industries by 34.8% in the second quarter. Dimensional Fund Advisors LP now owns 965,237 shares of the company’s stock worth $3,620,000 after buying an additional 249,230 shares during the last quarter. Hedge funds and other institutional investors own 62.06% of the company’s stock.
Mitcham Industries (NASDAQ:MIND) opened at 3.30 on Tuesday. Mitcham Industries has a 52 week low of $2.24 and a 52 week high of $5.00. The stock’s market capitalization is $39.83 million. The firm has a 50-day moving average price of $3.04 and a 200-day moving average price of $3.42.
Mitcham Industries (NASDAQ:MIND) last released its earnings results on Wednesday, September 7th. The company reported ($0.80) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.49) by $0.31. Mitcham Industries had a negative return on equity of 25.73% and a negative net margin of 102.32%. The business had revenue of $8.70 million for the quarter, compared to analysts’ expectations of $11.20 million. Equities research analysts predict that Mitcham Industries will post ($2.10) EPS for the current fiscal year.
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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