MIND Technology (NASDAQ:MINDP) Shares Down 3.1%

MIND Technology, Inc. (NASDAQ:MINDP)’s stock price dropped 3.1% on Wednesday . The company traded as low as $11.61 and last traded at $11.76. Approximately 1,890 shares changed hands during trading, a decline of 64% from the average daily volume of 5,314 shares. The stock had previously closed at $12.14.

MIND Technology Price Performance

The stock’s fifty day moving average price is $12.25 and its two-hundred day moving average price is $9.62.

MIND Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Sunday, October 15th were paid a $0.5625 dividend. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $2.25 dividend on an annualized basis and a yield of 19.13%.

MIND Technology Company Profile

MIND Technology, Inc, together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries. It operates in two segments, Seamap Marine Products and Klein Marine Products. The company's products include the GunLink seismic source acquisition and control systems that provide operators of marine seismic surveys with precise monitoring and control of energy sources; the BuoyLink RGPS tracking system, which is used to offer precise positioning of marine seismic energy sources and streamers; Sleeve Gun energy sources; Sea Serpent line of passive sonar arrays for maritime security and anti-submarine warfare applications; SeaLink towed streamer systems; and SeaLink towed seismic streamer system.