Mitcham Industries Director John F. Schwalbe Sells 5,000 Shares (MIND)
Mitcham Industries (NASDAQ:MIND) Director John F. Schwalbe sold 5,000 shares of Mitcham Industries stock on the open market in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $16.81, for a total value of $84,050.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $84,050. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Mitcham Industries (NASDAQ:MIND) traded down 1.30% during mid-day trading on Monday, hitting $16.71. 39,346 shares of the company’s stock traded hands. Mitcham Industries has a 52-week low of $13.81 and a 52-week high of $18.41. The stock has a 50-day moving average of $16.93 and a 200-day moving average of $16.65. The company has a market cap of $213.3 million and a P/E ratio of 34.55.
Mitcham Industries (NASDAQ:MIND) last released its earnings data on Tuesday, December 10th. The company reported ($0.14) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.01) by $0.13. The company had revenue of $20.30 million for the quarter, compared to the consensus estimate of $21.15 million. During the same quarter in the previous year, the company posted ($0.10) earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, analysts predict that Mitcham Industries will post $0.46 earnings per share for the current fiscal year.
Separately, analysts at Zacks upgraded shares of Mitcham Industries from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, November 5th. They now have a $17.10 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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