Geospace Technologies (NASDAQ:GEOS - Get Free Report) was upgraded by research analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research note issued on Tuesday.
Geospace Technologies Stock Up 2.3 %
Shares of Geospace Technologies stock traded up $0.28 during trading on Tuesday, reaching $12.53. The company's stock had a trading volume of 49,144 shares, compared to its average volume of 97,534. Geospace Technologies has a 52-week low of $6.60 and a 52-week high of $17.09. The company has a market cap of $166.90 million, a price-to-earnings ratio of 6.74 and a beta of 0.78. The firm's 50-day moving average is $12.76 and its two-hundred day moving average is $12.87.
Geospace Technologies (NASDAQ:GEOS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The oil and gas company reported $0.94 earnings per share (EPS) for the quarter. Geospace Technologies had a net margin of 17.42% and a return on equity of 18.73%. The company had revenue of $50.03 million during the quarter.
Insider Buying and Selling at Geospace Technologies
In other Geospace Technologies news, SVP Robbin B. Adams sold 2,078 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $12.29, for a total transaction of $25,538.62. Following the completion of the sale, the senior vice president now owns 79,739 shares of the company's stock, valued at approximately $979,992.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 4,240 shares of company stock valued at $52,124 in the last quarter. Company insiders own 6.89% of the company's stock.
Institutional Investors Weigh In On Geospace Technologies
Institutional investors have recently added to or reduced their stakes in the company. Barclays PLC purchased a new stake in Geospace Technologies during the 3rd quarter valued at $109,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of Geospace Technologies in the 3rd quarter worth about $133,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Geospace Technologies in the 3rd quarter worth about $143,000. Citigroup Inc. purchased a new stake in shares of Geospace Technologies in the 3rd quarter worth about $153,000. Finally, Trexquant Investment LP purchased a new stake in shares of Geospace Technologies in the 4th quarter worth about $153,000. Hedge funds and other institutional investors own 57.15% of the company's stock.
About Geospace Technologies
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Geospace Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Geospace Technologies wasn't on the list.
While Geospace Technologies currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio.
Get This Free Report
