Mitcham Industries Inc. (MIND) was among the biggest gainers on the Russell 2000 for Tuesday February 16 as the stock popped 5.87% to $2.53, representing a gain of $0.14 per share. Some 15,107 shares traded hands on 62 trades, compared with an average daily volume of 25,248 shares out of a total float of 12.09 million. The stock opened at $2.37 and traded with an intraday range of $2.57 to $2.35.
After today's gains, Mitcham Industries Inc. reached a market cap of $30.53 million. Mitcham Industries Inc. has had a trading range between $6.95 and $2.24 over the last year, and it had a 50-day SMA of $2.94 and a 200-day SMA of $3.94.
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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