Geospace Technologies (NASDAQ:GEOS) Stock Price Passes Below 200 Day Moving Average – Should You Sell?
by Amy Steele · The Cerbat GemGeospace Technologies Corporation (NASDAQ:GEOS – Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.67 and traded as low as $16.34. Geospace Technologies shares last traded at $16.91, with a volume of 139,997 shares trading hands.
Wall Street Analyst Weigh In
GEOS has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Geospace Technologies in a report on Monday. Wall Street Zen cut shares of Geospace Technologies from a “buy” rating to a “hold” rating in a report on Sunday, November 30th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.
View Our Latest Analysis on Geospace Technologies
Geospace Technologies Price Performance
The firm has a market capitalization of $217.97 million, a price-to-earnings ratio of -21.96 and a beta of 0.47. The business’s fifty day simple moving average is $18.98 and its 200 day simple moving average is $17.67.
Geospace Technologies (NASDAQ:GEOS – Get Free Report) last announced its earnings results on Thursday, November 20th. The oil and gas company reported ($0.71) earnings per share for the quarter. The business had revenue of $30.71 million during the quarter. Geospace Technologies had a negative return on equity of 7.26% and a negative net margin of 8.78%.
Hedge Funds Weigh In On Geospace Technologies
Several institutional investors and hedge funds have recently bought and sold shares of GEOS. SBI Securities Co. Ltd. boosted its position in shares of Geospace Technologies by 14,530.0% during the third quarter. SBI Securities Co. Ltd. now owns 1,463 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 1,453 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Geospace Technologies by 670.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,453 shares of the oil and gas company’s stock valued at $65,000 after purchasing an additional 3,005 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Geospace Technologies in the second quarter worth approximately $51,000. ARS Wealth Advisors Group LLC bought a new stake in Geospace Technologies during the second quarter valued at approximately $179,000. Finally, Bank of America Corp DE grew its position in Geospace Technologies by 68.4% during the second quarter. Bank of America Corp DE now owns 13,043 shares of the oil and gas company’s stock valued at $186,000 after buying an additional 5,299 shares during the period. 57.15% of the stock is currently owned by institutional investors.
Geospace Technologies Company Profile
Geospace Technologies Corporation specializes in the design, manufacturing and marketing of geophysical instrumentation for seismic data acquisition. The company’s solutions address the needs of oil and gas exploration and production companies by enabling detailed subsurface imaging through advanced sensor and acquisition systems. Geospace serves both land and marine seismic markets, offering equipment that meets the rigorous demands of contemporary seismic surveys.
In its Land Products segment, Geospace Technologies offers a range of components including geophones, accelerometers, cable and recorder accessories designed to collect high-quality seismic signals in onshore environments.