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Home More Tech

MIND Tech Shares up 34% After News of New Orders, Deferral of Preferred Stock Div

by Trading How
July 7, 2022
in Tech
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By Stephen Nakrosis

Shares of MIND Expertise Inc. had been buying and selling greater in Wednesday’s after-hours session, following information the corporate obtained about $7.7 million in orders for sonar and supply controller techniques.

The corporate’s additionally mentioned its board elected to not declare a quarterly money dividend on its 9% Collection A Cumulative Most well-liked Inventory for the second quarter of its fiscal 12 months.

At 4:25 p.m. ET, the corporate’s shares had risen 34.4% to commerce at $1.12 per share. The inventory completed the day’s common session with a 2.9% achieve, closing at 83 cents per share.

12 months up to now, the inventory is down by over 50%.

Write to Stephen Nakrosis at [email protected]



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