Mitcham Industries Inc. (MIND) was one of the Russell 2000's biggest losers for Wednesday January 20 as the stock slid 13.97% to $2.34, a loss of $-0.38 per share. Starting at an opening price of $2.68 a share, the stock traded between $2.24 and $2.68 over the course of the trading day. Volume was 26,662 shares over 177 trades, against an average daily volume of 29,435 shares and a total float of 12.09 million.
The losses send Mitcham Industries Inc. down to a market cap of $28.29 million. In the last year, Mitcham Industries Inc. has traded between $7.92 and $2.67, and its 50-day SMA is currently $3.54 and 200-day SMA is $4.14.
Mitcham Industries Inc 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 and deep water marine areas.
Mitcham Industries Inc. is based out of Huntsville, TX and has some 187 employees. Its CEO is Guy Malden / Robert P. Capps.
For a complete fundamental analysis analysis of Mitcham Industries Inc., check out Equities.com’s Stock Valuation Analysis report for MIND. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.
The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
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