Liberum Capital Increases MITCHAM INDUSTR/SH (NASDAQ:MIND) Price Target to $190.00

MITCHAM INDUSTR/SH (NASDAQ:MIND) had its target price lifted by equities research analysts at Liberum Capital from $170.00 to $190.00 in a research report issued to clients and investors on Monday, Stock Target Advisor reports. The brokerage presently has a “buy” rating on the stock.

Separately, ValuEngine upgraded shares of MITCHAM INDUSTR/SH from a “hold” rating to a “buy” rating in a report on Thursday, October 17th.

Shares of MIND stock opened at $2.39 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.73 and a current ratio of 4.38. The company’s 50 day moving average price is $3.09 and its two-hundred day moving average price is $3.67. MITCHAM INDUSTR/SH has a 52 week low of $2.34 and a 52 week high of $4.42.

MITCHAM INDUSTR/SH (NASDAQ:MIND) last announced its earnings results on Wednesday, September 4th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.11). MITCHAM INDUSTR/SH had a negative return on equity of 22.40% and a negative net margin of 32.57%. The company had revenue of $8.90 million for the quarter.

Several hedge funds and other institutional investors have recently bought and sold shares of MIND. Dalton Greiner Hartman Maher & Co. bought a new stake in MITCHAM INDUSTR/SH in the third quarter worth approximately $505,000. Wolverine Trading LLC bought a new stake in MITCHAM INDUSTR/SH in the second quarter worth approximately $87,000. Vanguard Group Inc. grew its position in MITCHAM INDUSTR/SH by 8.5% in the second quarter. Vanguard Group Inc. now owns 300,644 shares of the company’s stock worth $1,187,000 after acquiring an additional 23,500 shares in the last quarter. BlackRock Inc. grew its position in MITCHAM INDUSTR/SH by 1.7% in the second quarter. BlackRock Inc. now owns 333,236 shares of the company’s stock worth $1,317,000 after acquiring an additional 5,593 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in MITCHAM INDUSTR/SH by 7.0% in the second quarter. Renaissance Technologies LLC now owns 339,821 shares of the company’s stock worth $1,342,000 after acquiring an additional 22,121 shares in the last quarter. Institutional investors own 73.94% of the company’s stock.

About MITCHAM INDUSTR/SH

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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