Geospace Technologies Co. (NASDAQ:GEOS - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.23 and traded as high as $10.31. Geospace Technologies shares last traded at $10.17, with a volume of 24,726 shares changing hands.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Geospace Technologies from a "sell" rating to a "hold" rating in a research report on Thursday, November 28th.
View Our Latest Research Report on GEOS
Geospace Technologies Stock Up 1.6 %
The company has a market capitalization of $131.28 million, a P/E ratio of -19.13 and a beta of 0.60. The firm's 50-day moving average price is $11.35 and its 200 day moving average price is $10.23.
Hedge Funds Weigh In On Geospace Technologies
Several large investors have recently bought and sold shares of GEOS. BNP Paribas Financial Markets grew its holdings in shares of Geospace Technologies by 40.7% in the third quarter. BNP Paribas Financial Markets now owns 3,016 shares of the oil and gas company's stock valued at $31,000 after acquiring an additional 872 shares in the last quarter. EagleClaw Capital Managment LLC purchased a new position in shares of Geospace Technologies in the 3rd quarter worth about $114,000. WINTON GROUP Ltd purchased a new stake in Geospace Technologies during the second quarter worth about $113,000. Rhumbline Advisers raised its position in Geospace Technologies by 2,370.7% in the second quarter. Rhumbline Advisers now owns 14,824 shares of the oil and gas company's stock worth $133,000 after acquiring an additional 14,224 shares during the period. Finally, Barclays PLC boosted its stake in Geospace Technologies by 278.2% in the third quarter. Barclays PLC now owns 16,622 shares of the oil and gas company's stock valued at $172,000 after acquiring an additional 12,227 shares during the last quarter. 57.15% of the stock is currently owned by institutional investors.
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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