Geospace Technologies (NASDAQ:GEOS) Issues Quarterly Earnings Results

Geospace Technologies (NASDAQ:GEOS - Get Free Report) posted its quarterly earnings data on Thursday. The oil and gas company reported ($0.77) earnings per share for the quarter, Zacks reports. Geospace Technologies had a positive return on equity of 4.61% and a negative net margin of 8.86%.

Geospace Technologies Stock Performance

Shares of GEOS stock remained flat at $6.17 during trading hours on Wednesday. The stock had a trading volume of 15,294 shares, compared to its average volume of 65,124. Geospace Technologies has a one year low of $5.65 and a one year high of $13.79. The firm has a market capitalization of $78.83 million, a price-to-earnings ratio of -7.43 and a beta of 0.28. The firm's fifty day simple moving average is $6.72 and its 200 day simple moving average is $8.99.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Geospace Technologies from a "hold" rating to a "sell" rating in a research note on Wednesday, May 7th.

Geospace Technologies Company Profile

Geospace Technologies Corporation designs and manufactures instruments and equipment used in the oil and gas industry to acquire seismic data in order to locate, characterize, and monitor hydrocarbon producing reservoirs. The company operates through three segments: Oil and Gas Markets, Adjacent Markets, and Emerging Markets.