MIND - Mitcham Industries, Inc.

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  1. T0rm3nted

    T0rm3nted Moderator
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    Mitcham Industries, Inc. (NASDAQ:MIND) was set up in 1987, and now is based in Huntsville, Texas. The company markets geophysical and other equipment to seismic data acquisition contractors conducting surveys on land, marsh, and marine areas, both shallow and deep water. There are mainly two segments operating in the company, namely an Equipment Leasing segment (for the oil and gas industry) and an Equipment Manufacturing segment. In October 2011, the Company opened a new logistics and repair facility in Budapest, Hungary, and three months later, it opened two new subsidiaries, namely Mitcham Europe Ltd. and Mitcham Marine Leasing Pte Ltd. On September 21, 2015, Founder and CEO Billy F. Mitcham Jr. died, and Guy M. Malden and Robert P. Capps were installed as Co-Chief Executive Officers.
     
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    Mitcham Industries, Inc. (MIND) Posts Quarterly Earnings Results, Misses Estimates By $0.27 EPS

    Mitcham Industries, Inc. (NASDAQ:MIND) released its quarterly earnings results on Tuesday. The company reported ($0.63) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.36) by $0.27, MarketBeat.Com reports. The firm earned $11.40 million during the quarter, compared to analysts’ expectations of $10.99 million.

    Mitcham Industries (NASDAQ:MIND) traded down 0.0031% during midday trading on Tuesday, reaching $3.1899. 3,152 shares of the company were exchanged. Mitcham Industries has a 52 week low of $2.24 and a 52 week high of $5.46. The firm has a 50-day moving average price of $3.19 and a 200-day moving average price of $3.46. The company’s market capitalization is $38.44 million.

    Separately, Zacks Investment Research raised Mitcham Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, March 9th.

    Mitcham Industries, Inc is engaged in leasing and selling geophysical and other equipment used by seismic data acquisition contractors to perform seismic data acquisition surveys on land, in transition zones (NASDAQ:MIND) and deep water marine areas.
     

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