Geospace Technologies Corporation (NASDAQ:GEOS - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $9.61 and traded as high as $21.09. Geospace Technologies shares last traded at $20.19, with a volume of 314,653 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised shares of Geospace Technologies from a "sell" rating to a "hold" rating in a report on Saturday, August 9th.
Read Our Latest Stock Report on Geospace Technologies
Geospace Technologies Stock Performance
The stock has a market cap of $254.09 million, a P/E ratio of -18.70 and a beta of 0.60. The stock's fifty day simple moving average is $15.21 and its 200-day simple moving average is $9.86.
Geospace Technologies (NASDAQ:GEOS - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter. Geospace Technologies had a negative net margin of 11.70% and a positive return on equity of 2.77%.
Hedge Funds Weigh In On Geospace Technologies
Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of Geospace Technologies in the 2nd quarter valued at approximately $51,000. Nuveen LLC bought a new position in Geospace Technologies in the 1st quarter valued at approximately $120,000. Bank of America Corp DE lifted its stake in Geospace Technologies by 45.0% in the 4th quarter. Bank of America Corp DE now owns 12,191 shares of the oil and gas company's stock valued at $122,000 after purchasing an additional 3,782 shares during the last quarter. Mariner LLC bought a new position in Geospace Technologies in the 4th quarter valued at approximately $127,000. Finally, JPMorgan Chase & Co. lifted its stake in Geospace Technologies by 148.9% in the 4th quarter. JPMorgan Chase & Co. now owns 13,577 shares of the oil and gas company's stock valued at $136,000 after purchasing an additional 8,123 shares during the last quarter. 57.15% of the stock is currently owned by institutional investors and hedge funds.
Geospace Technologies Company Profile
(
Get Free Report)
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.
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