On 04 Oct 2019, MITCHAM INDUSTR/SH (NASDAQ: MIND) began its trading session with the rate $3.02 and closed at price of $2.8 by scoring -6.67%. The volatility in the previous week has experienced by 8.40% and observed of 6.58% in the previous month. 80.80% ownership is held by institutional financiers while experts hold ownership of 4.80%.
Lease pool devaluation expenditure in the 2nd quarter of fiscal 2020 reduced 53% to $ 1.1 M from $ 2.4 M in the same duration a year ago Because of lease swimming pool sales and minimal purchase of lease swimming pool equipment in current durations.
FINANCIAL 2020 SECOND QUARTER RESULTS
Overall profits for the second quarter of fiscal 2020 increased contrast to in 2015s 2nd quarter to $ 8.9 M, driven by higher marine technology products sales. Marine technology products area sales increased to $ 6.7 M in the 2nd quarter of financial 2020 contrast to $ 6.0 M in 2015s 2nd quarter. Seamap sales increased 29% from the previous year duration to $ 4.9 M, and Klein sales increased 16% contrast to the exact same period last year to $ 1.8 M. Included in last years 2nd quarter sales was a $ 797,000 contribution from SAP, which was sold in the very first quarter of financial 2020 and for that reason, not included in the recent quarterly results.
On 04 Oct 2019, MITCHAM INDUSTR/SH (NASDAQ: MIND) started its trading session with the rate $3.02 and closed at price of $2.8 by scoring -6.67%. Day series of the stock was $2.63 – $3.06. MIND stock traded with overall volume of 108832 shares while the average trading capacity stayed 30495 shares. Revenues per share was $-1.38. MIND has total market capitalization of $33959519.
The volatility in the previous week has experienced by 8.40% and observed of 6.58% in the previous month. 80.80% ownership is held by institutional investors while insiders hold ownership of 4.80%. In the tracking 12 months duration, return on properties ratio of the Company was -25.70% and return on equity ratio was -30.10% while its return on investment ratio was -32.90%.
Mitcham Industries, Inc. (MIND) (” Mitcham” or “the Company”) recently reported financial results for its financial 2020 second quarter ended July 31, 2019.
Offering, administrative and general costs were $ 4.8 M in the 2nd quarter of fiscal 2020 contrast to $ 5.5 M in the second quarter of fiscal 2019 and $ 5.2 M in the very first quarter of fiscal 2019. As a percentage of profits, SG&An expenses in the 2nd quarter of 2020 decreased to 54% from 66% in 2015s second quarter.