Geospace Technologies (NASDAQ:GEOS) Cut to Strong Sell at Wall Street Zen

Key Points

• Wall Street Zen downgraded Geospace Technologies from “sell” to “strong sell,” while Weiss Ratings maintained a sell-level assessment; MarketBeat’s consensus rating is “Sell.”
• GEOS shares opened at $5.60, near their one-year low of $5.05 and well below the one-year high of $29.89. The company has a $72.46 million market capitalization and negative profitability metrics.
• Geospace reported a quarterly loss of $0.75 per share on $15.80 million in revenue, alongside a negative net margin of 43.10%; institutional investors own 57.15% of the stock.

Geospace Technologies (NASDAQ:GEOS - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "sell" rating to a "strong sell" rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings upgraded shares of Geospace Technologies from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, June 16th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of "Sell".

Geospace Technologies Stock Performance

Shares of GEOS opened at $5.60 on Friday. The stock has a market capitalization of $72.46 million, a P/E ratio of -1.82 and a beta of 0.19. The company's fifty day moving average is $6.85 and its two-hundred day moving average is $9.18. Geospace Technologies has a 1 year low of $5.05 and a 1 year high of $29.89.

Geospace Technologies (NASDAQ:GEOS - Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The oil and gas company reported ($0.75) EPS for the quarter. Geospace Technologies had a negative return on equity of 35.80% and a negative net margin of 43.10%.The firm had revenue of $15.80 million for the quarter.

Institutional Investors Weigh In On Geospace Technologies

Several institutional investors have recently made changes to their positions in GEOS. Raymond James Financial Inc. purchased a new position in shares of Geospace Technologies in the 2nd quarter valued at about $51,000. BNP Paribas Financial Markets lifted its stake in shares of Geospace Technologies by 670.8% in the third quarter. BNP Paribas Financial Markets now owns 3,453 shares of the oil and gas company's stock valued at $65,000 after purchasing an additional 3,005 shares during the period. Kestra Advisory Services LLC purchased a new stake in Geospace Technologies during the fourth quarter worth about $67,000. GSA Capital Partners LLP purchased a new stake in Geospace Technologies during the second quarter worth about $105,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in Geospace Technologies during the second quarter worth about $165,000. 57.15% of the stock is currently owned by hedge funds and other institutional investors.

Geospace Technologies Company Profile

Geospace Technologies Corporation specializes in the design, manufacturing and marketing of geophysical instrumentation for seismic data acquisition. The company's solutions address the needs of oil and gas exploration and production companies by enabling detailed subsurface imaging through advanced sensor and acquisition systems. Geospace serves both land and marine seismic markets, offering equipment that meets the rigorous demands of contemporary seismic surveys.

In its Land Products segment, Geospace Technologies offers a range of components including geophones, accelerometers, cable and recorder accessories designed to collect high-quality seismic signals in onshore environments.

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