Dawson Geophysical (NASDAQ:DWSN) Stock Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Shares of Dawson Geophysical briefly climbed above its 200-day moving average of $2.20, trading as high as $2.40 intraday but last trading at $2.21 on volume of 314,071 and were down about 8.3%.
• The company has a market cap of $68.6 million, a negative P/E of -18.42 and a 50‑day SMA of $2.87 (above the 200‑day); analysts have a consensus Hold rating and institutional ownership is low at about 7.86%, with several funds making small recent purchases.

Shares of Dawson Geophysical Company (NASDAQ:DWSN - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.20 and traded as high as $2.40. Dawson Geophysical shares last traded at $2.21, with a volume of 314,071 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "hold (c-)" rating on shares of Dawson Geophysical in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Dawson Geophysical Stock Down 8.3%

The stock has a market capitalization of $68.62 million, a price-to-earnings ratio of -18.42 and a beta of -0.18. The firm has a 50 day simple moving average of $2.87 and a 200-day simple moving average of $2.20. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.80 and a quick ratio of 0.80.

Hedge Funds Weigh In On Dawson Geophysical

Institutional investors have recently added to or reduced their stakes in the company. Pinnacle Associates Ltd. boosted its position in Dawson Geophysical by 19.0% in the third quarter. Pinnacle Associates Ltd. now owns 52,360 shares of the oil and gas company's stock valued at $92,000 after buying an additional 8,360 shares in the last quarter. Bridgeway Capital Management LLC increased its holdings in shares of Dawson Geophysical by 83.8% during the fourth quarter. Bridgeway Capital Management LLC now owns 21,710 shares of the oil and gas company's stock worth $34,000 after buying an additional 9,900 shares in the last quarter. HRT Financial LP bought a new position in shares of Dawson Geophysical in the fourth quarter valued at approximately $26,000. Virtu Financial LLC acquired a new position in shares of Dawson Geophysical in the 4th quarter worth approximately $29,000. Finally, Teton Advisors LLC acquired a new position in shares of Dawson Geophysical in the 3rd quarter worth approximately $35,000. 7.86% of the stock is owned by institutional investors.

Dawson Geophysical Company Profile

Dawson Geophysical Company provides land-based seismic data acquisition services to the oil and gas industry. Through its subsidiaries, the company specializes in the design, deployment and operation of seismic crews that collect high-fidelity subsurface data. Its services support exploration and development programs by delivering two-dimensional (2D), three-dimensional (3D) and time-lapse (4D) seismic surveys that enable clients to make informed drilling and reservoir management decisions.

The company's fleet includes vibratory and impulsive seismic sources, high-capacity source trucks, geophone sensor arrays and digital recording systems.

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