Mitcham Industries Director John Schwalbe Unloads 5,000 Shares (MIND)
Mitcham Industries (NASDAQ:MIND) Director John Schwalbe sold 5,000 shares of the stock on the open market in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $16.44, for a total transaction of $82,200.00. Following the completion of the sale, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $82,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Mitcham Industries (NASDAQ:MIND) traded down 0.06% during mid-day trading on Wednesday, hitting $16.74. 173,230 shares of the company’s stock traded hands. Mitcham Industries has a 52 week low of $11.51 and a 52 week high of $18.41. The stock has a 50-day moving average of $16.90 and a 200-day moving average of $16.3. The company has a market cap of $213.3 million and a P/E ratio of 28.10.
Mitcham Industries (NASDAQ:MIND) last released its earnings data on Wednesday, September 4th. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.06. The company had revenue of $20.90 million for the quarter, compared to the consensus estimate of $21.15 million. During the same quarter last year, the company posted $0.08 earnings per share. Mitcham Industries’s revenue was down 9.4% compared to the same quarter last year. On average, analysts predict that Mitcham Industries will post $0.64 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on MIND shares. Analysts at Zacks downgraded shares of Mitcham Industries from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, September 5th. They now have a $16.10 price target on the stock.
Mitcham Industries, Inc (NASDAQ:MIND) leases and sells geophysical and other equipment used primarily by seismic data acquisition contractors to perform seismic data acquisition surveys on land, in transition zones (marsh and shallow water areas) and deep water marine areas.
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