StockNews.com downgraded shares of Geospace Technologies (NASDAQ:GEOS - Free Report) from a hold rating to a sell rating in a research note issued to investors on Monday.
Geospace Technologies Price Performance
Shares of Geospace Technologies stock traded up $0.16 during midday trading on Monday, hitting $6.25. The company had a trading volume of 45,146 shares, compared to its average volume of 66,481. The business's 50 day simple moving average is $7.67 and its two-hundred day simple moving average is $9.65. The stock has a market cap of $79.86 million, a PE ratio of -7.53 and a beta of 0.20. Geospace Technologies has a 1-year low of $5.77 and a 1-year high of $14.15.
Geospace Technologies (NASDAQ:GEOS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The oil and gas company reported $0.65 earnings per share for the quarter. Geospace Technologies had a negative net margin of 8.86% and a positive return on equity of 4.61%.
Hedge Funds Weigh In On Geospace Technologies
Several institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its position in Geospace Technologies by 40.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,016 shares of the oil and gas company's stock valued at $31,000 after purchasing an additional 872 shares during the last quarter. State Street Corp raised its holdings in shares of Geospace Technologies by 12.4% in the third quarter. State Street Corp now owns 167,497 shares of the oil and gas company's stock valued at $1,732,000 after buying an additional 18,469 shares during the last quarter. Barclays PLC lifted its position in Geospace Technologies by 278.2% during the 3rd quarter. Barclays PLC now owns 16,622 shares of the oil and gas company's stock worth $172,000 after buying an additional 12,227 shares in the last quarter. Empowered Funds LLC grew its holdings in Geospace Technologies by 4.9% during the 4th quarter. Empowered Funds LLC now owns 48,238 shares of the oil and gas company's stock worth $483,000 after acquiring an additional 2,236 shares during the last quarter. Finally, Peapod Lane Capital LLC bought a new position in shares of Geospace Technologies in the fourth quarter worth about $2,542,000. 57.15% of the stock is owned by institutional investors.
Geospace Technologies Company Profile
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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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