MITCHAM INDUSTR/SH (NASDAQ:MIND) posted its quarterly earnings results on Thursday. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.28), Fidelity Earnings reports. MITCHAM INDUSTR/SH had a negative return on equity of 31.57% and a negative net margin of 57.21%. The firm had revenue of $14.65 million for the quarter.
MIND stock opened at $3.74 on Friday. MITCHAM INDUSTR/SH has a fifty-two week low of $2.86 and a fifty-two week high of $4.57.
A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in MITCHAM INDUSTR/SH by 9.6% during the 3rd quarter. Vanguard Group Inc. now owns 277,838 shares of the company’s stock worth $1,153,000 after buying an additional 24,280 shares during the period. Virginia National Bank acquired a new position in MITCHAM INDUSTR/SH during the 3rd quarter worth approximately $455,000. Raffles Associates LP raised its stake in MITCHAM INDUSTR/SH by 5.4% during the 3rd quarter. Raffles Associates LP now owns 332,700 shares of the company’s stock worth $1,381,000 after buying an additional 17,000 shares during the period. ARS Investment Partners LLC raised its stake in MITCHAM INDUSTR/SH by 78.1% during the 3rd quarter. ARS Investment Partners LLC now owns 306,541 shares of the company’s stock worth $1,272,000 after buying an additional 134,377 shares during the period. Finally, Manatuck Hill Partners LLC acquired a new position in MITCHAM INDUSTR/SH during the 2nd quarter worth approximately $975,000. 72.43% of the stock is currently owned by institutional investors and hedge funds.
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MITCHAM INDUSTR/SH Company Profile
Mitcham Industries, Inc, through its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic and maritime security industries worldwide. The company operates in two segments, Marine Technology Products, and Equipment Leasing. The Marine Technology Products segment develops, manufactures, and sells proprietary products.
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