Media coverage about Mitcham Industries (NASDAQ:MIND) has trended somewhat positive on Thursday, Accern Sentiment reports. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mitcham Industries earned a coverage optimism score of 0.23 on Accern’s scale. Accern also gave news articles about the scientific and technical instruments company an impact score of 46.1578046763639 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

MIND has been the topic of a number of analyst reports. Zacks Investment Research lowered Mitcham Industries from a “hold” rating to a “sell” rating in a research report on Friday, April 14th. ValuEngine raised Mitcham Industries from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 3rd.

Shares of Mitcham Industries (MIND) traded down 4.72% during mid-day trading on Thursday, hitting $3.63. The stock had a trading volume of 70,865 shares. The firm’s 50 day moving average price is $4.04 and its 200-day moving average price is $4.45. The company’s market cap is $43.84 million. Mitcham Industries has a one year low of $2.65 and a one year high of $5.14.

Mitcham Industries (NASDAQ:MIND) last released its quarterly earnings results on Wednesday, June 7th. The scientific and technical instruments company reported ($0.24) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.46) by $0.22. Mitcham Industries had a negative net margin of 61.58% and a negative return on equity of 36.70%. The company had revenue of $18.43 million during the quarter, compared to analysts’ expectations of $12.70 million. On average, equities research analysts anticipate that Mitcham Industries will post ($1.22) earnings per share for the current fiscal year.

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About Mitcham Industries

Mitcham Industries, Inc is a provider of equipment to the geophysical, oceanographic and hydrographic industries. The Company operates through two segments. The Equipment Leasing segment is primarily engaged in the leasing of seismic equipment to companies in the oil and gas industry across the world.

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