MITCHAM INDUSTR/SH (MIND) Issues Quarterly Earnings Results, Misses Estimates By $0.28 EPS
MITCHAM INDUSTR/SH (NASDAQ:MIND) issued its quarterly earnings results on Thursday. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.28), Fidelity Earnings reports. The firm had revenue of $14.65 million for the quarter. MITCHAM INDUSTR/SH had a negative net margin of 67.30% and a negative return on equity of 39.33%.
Shares of NASDAQ:MIND opened at $3.64 on Friday. MITCHAM INDUSTR/SH has a 12 month low of $2.86 and a 12 month high of $4.57.
Large investors have recently modified their holdings of the stock. Virginia National Bank bought a new position in MITCHAM INDUSTR/SH during the 3rd quarter valued at about $455,000. Teton Advisors Inc. grew its holdings in MITCHAM INDUSTR/SH by 22.8% during the 2nd quarter. Teton Advisors Inc. now owns 140,069 shares of the company’s stock valued at $563,000 after purchasing an additional 26,000 shares during the last quarter. Manatuck Hill Partners LLC bought a new position in MITCHAM INDUSTR/SH during the 2nd quarter valued at about $975,000. Vanguard Group Inc. grew its holdings in MITCHAM INDUSTR/SH by 9.6% during the 3rd quarter. Vanguard Group Inc. now owns 277,838 shares of the company’s stock valued at $1,153,000 after purchasing an additional 24,280 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in MITCHAM INDUSTR/SH by 11.3% during the 2nd quarter. Renaissance Technologies LLC now owns 308,200 shares of the company’s stock valued at $1,239,000 after purchasing an additional 31,300 shares during the last quarter. Institutional investors own 72.43% of the company’s stock.
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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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