Shares of Geospace Technologies Corporation (NASDAQ:GEOS - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.42 and traded as high as $11.55. Geospace Technologies shares last traded at $11.31, with a volume of 169,722 shares changing hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered Geospace Technologies from a "hold" rating to a "sell" rating in a research report on Friday, May 16th.
View Our Latest Stock Report on GEOS
Geospace Technologies Stock Performance
The firm's 50-day simple moving average is $9.87 and its 200 day simple moving average is $8.48. The company has a market capitalization of $161.15 million, a PE ratio of -9.77 and a beta of 0.57.
Geospace Technologies (NASDAQ:GEOS - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The oil and gas company reported ($0.77) EPS for the quarter. Geospace Technologies had a negative net margin of 14.03% and a positive return on equity of 0.69%.
Institutional Investors Weigh In On Geospace Technologies
Several hedge funds have recently modified their holdings of GEOS. Nuveen LLC purchased a new stake in shares of Geospace Technologies during the 1st quarter valued at about $120,000. Bank of America Corp DE increased its holdings in Geospace Technologies by 45.0% during the 4th quarter. Bank of America Corp DE now owns 12,191 shares of the oil and gas company's stock worth $122,000 after purchasing an additional 3,782 shares during the last quarter. Mariner LLC purchased a new stake in Geospace Technologies during the 4th quarter worth approximately $127,000. JPMorgan Chase & Co. increased its stake in shares of Geospace Technologies by 148.9% in the fourth quarter. JPMorgan Chase & Co. now owns 13,577 shares of the oil and gas company's stock worth $136,000 after buying an additional 8,123 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Geospace Technologies by 10.4% in the fourth quarter. Wells Fargo & Company MN now owns 14,646 shares of the oil and gas company's stock worth $147,000 after buying an additional 1,380 shares during the last quarter. 57.15% of the stock is currently owned by hedge funds and other institutional investors.
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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