Geospace Technologies (NASDAQ:GEOS) Downgraded to Hold Rating by Wall Street Zen

by · The Cerbat Gem

Wall Street Zen cut shares of Geospace Technologies (NASDAQ:GEOS – Free Report) from a buy rating to a hold rating in a research note released on Sunday morning.

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Geospace Technologies in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Check Out Our Latest Stock Report on GEOS

Geospace Technologies Price Performance

Shares of GEOS opened at $13.45 on Friday. The company’s fifty day moving average price is $21.88 and its 200-day moving average price is $16.23. Geospace Technologies has a 1-year low of $5.51 and a 1-year high of $29.89. The firm has a market capitalization of $172.44 million, a PE ratio of -12.69 and a beta of 0.62.

Geospace Technologies (NASDAQ:GEOS – Get Free Report) last issued its earnings results on Thursday, November 20th. The oil and gas company reported ($0.71) earnings per share (EPS) for the quarter. The firm had revenue of $30.71 million during the quarter. Geospace Technologies had a positive return on equity of 2.77% and a negative net margin of 11.70%.

Institutional Trading of Geospace Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of GEOS. EagleClaw Capital Managment LLC lifted its position in shares of Geospace Technologies by 69.2% in the third quarter. EagleClaw Capital Managment LLC now owns 61,150 shares of the oil and gas company’s stock valued at $1,159,000 after acquiring an additional 25,000 shares in the last quarter. Bank of America Corp DE raised its stake in Geospace Technologies by 86.1% in the 3rd quarter. Bank of America Corp DE now owns 24,277 shares of the oil and gas company’s stock valued at $460,000 after purchasing an additional 11,234 shares during the last quarter. Two Sigma Investments LP raised its stake in Geospace Technologies by 142.1% in the 3rd quarter. Two Sigma Investments LP now owns 36,976 shares of the oil and gas company’s stock valued at $701,000 after purchasing an additional 21,705 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in Geospace Technologies by 5.4% in the 3rd quarter. Bridgeway Capital Management LLC now owns 138,619 shares of the oil and gas company’s stock valued at $2,628,000 after purchasing an additional 7,141 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Geospace Technologies during the 3rd quarter worth $1,014,000. 57.15% of the stock is owned by institutional investors and hedge funds.

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.

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