Dawson Geophysical (NASDAQ:DWSN) Shares Cross Above 200-Day Moving Average - Should You Sell?

Shares of Dawson Geophysical Company (NASDAQ:DWSN - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.37 and traded as high as $1.94. Dawson Geophysical shares last traded at $1.75, with a volume of 520,573 shares trading hands.

Dawson Geophysical Price Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.56 and a current ratio of 1.56. The stock's 50 day simple moving average is $1.38 and its two-hundred day simple moving average is $1.37. The firm has a market capitalization of $52.67 million and a PE ratio of -5.67.

Dawson Geophysical (NASDAQ:DWSN - Get Free Report) last issued its earnings results on Tuesday, May 13th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter. Dawson Geophysical had a negative return on equity of 46.25% and a negative net margin of 15.30%. The business had revenue of $16.08 million during the quarter.

Institutional Investors Weigh In On Dawson Geophysical

A hedge fund recently bought a new stake in Dawson Geophysical stock. Mink Brook Asset Management LLC acquired a new position in shares of Dawson Geophysical Company (NASDAQ:DWSN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 540,417 shares of the oil and gas company's stock, valued at approximately $724,000. Dawson Geophysical accounts for approximately 0.7% of Mink Brook Asset Management LLC's investment portfolio, making the stock its 20th largest position. Mink Brook Asset Management LLC owned approximately 1.74% of Dawson Geophysical at the end of the most recent reporting period. 7.86% of the stock is currently owned by hedge funds and other institutional investors.

Dawson Geophysical Company Profile

Dawson Geophysical Company provides onshore seismic data acquisition and processing services in the United States and Canada. The company acquires and processes 2-D, 3-D, and multi-component seismic data for its clients, including oil and gas companies, and independent oil and gas operators, as well as providers of multi-client data libraries and carbon capture sequestration projects.