Geospace Technologies (NASDAQ:GEOS) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Geospace Technologies shares have recently crossed above their 200-day moving average of $9.22, trading as high as $18.10 and last at $17.07 with a volume of 272,592 shares.
• Wall Street Zen upgraded the stock from a "sell" rating to a "hold" rating, indicating a potential positive outlook for the company.
• Institutional investors have shown increased interest, with hedge funds currently owning 57.15% of Geospace Technologies’ shares, including significant purchases by Raymond James and JPMorgan Chase.

Geospace Technologies Corporation (NASDAQ:GEOS - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.22 and traded as high as $18.10. Geospace Technologies shares last traded at $17.07, with a volume of 272,592 shares changing hands.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Geospace Technologies from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th.

Geospace Technologies Stock Up 10.2%

The company has a market capitalization of $249.86 million, a price-to-earnings ratio of -18.39 and a beta of 0.60. The company's 50 day simple moving average is $14.13 and its two-hundred day simple moving average is $9.47.

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 EPS for the quarter. Geospace Technologies had a negative net margin of 11.70% and a positive return on equity of 2.77%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Moors & Cabot Inc. increased its stake in shares of Geospace Technologies by 5.3% during the first quarter. Moors & Cabot Inc. now owns 785,900 shares of the oil and gas company's stock worth $5,666,000 after purchasing an additional 39,813 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Geospace Technologies by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 649,933 shares of the oil and gas company's stock worth $6,512,000 after purchasing an additional 22,584 shares in the last quarter. First Eagle Investment Management LLC increased its stake in shares of Geospace Technologies by 8.9% during the second quarter. First Eagle Investment Management LLC now owns 509,364 shares of the oil and gas company's stock worth $7,264,000 after purchasing an additional 41,477 shares in the last quarter. Grace & White Inc. NY boosted its position in Geospace Technologies by 9.6% during the second quarter. Grace & White Inc. NY now owns 330,321 shares of the oil and gas company's stock worth $4,710,000 after acquiring an additional 29,000 shares during the last quarter. Finally, Peapod Lane Capital LLC boosted its position in Geospace Technologies by 10.4% during the first quarter. Peapod Lane Capital LLC now owns 280,051 shares of the oil and gas company's stock worth $2,019,000 after acquiring an additional 26,399 shares during the last quarter. Hedge funds and other institutional investors own 57.15% of the company's stock.

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.