Categories: Technology

Renaissance Technologies Increases Stake in MIND Technology as Institutional Investors Dominate Market

MIND Technology (NASDAQ:MIND) is set to release its quarterly earnings data on Wednesday, April 17th. The company’s stock opened at $4.14 on Tuesday, with a 50-day moving average of $5.44 and a 200-day moving average of $5.37. MIND Technology has a market cap of $5.82 million, a PE ratio of -1.31, and a beta of 1.34. The stock has a one year low of $4.00 and a one year high of $8.10.

Investors are closely watching the company’s financial performance after institutional trading activity revealed that Renaissance Technologies LLC recently increased its position in MIND Technology stock by 7.4%. They now own 524,436 shares of the company’s stock, representing 3.80% of the company’s total worth.

Institutional investors overall own 9.83% of MIND Technology’s stock.

MIND Technology, Inc. provides technology to various industries including oceanographic, hydrographic, defense, seismic, and maritime security.

The company operates in two segments – Seamap Marine Products and Klein Marine Products.

Their product offerings include seismic source acquisition and control systems, tracking systems, passive sonar arrays, towed streamer systems and more.

For more news and updates on MIND Technology, you can sign up to receive their daily email newsletter from MarketBeat

Aiden Johnson

As a content writer at newspoip.com, I have a passion for crafting engaging and informative articles that captivate readers. With a keen eye for detail and a knack for storytelling, I strive to deliver content that not only informs but also entertains. My goal is to create compelling narratives that resonate with our audience and keep them coming back for more. Whether I'm delving into the latest news topics or exploring in-depth features, I am dedicated to producing high-quality content that informs, inspires, and sparks curiosity.

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