Geospace Technologies Co. (NASDAQ:GEOS - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.22 and traded as high as $13.58. Geospace Technologies shares last traded at $13.13, with a volume of 41,900 shares.
Analysts Set New Price Targets
Separately, StockNews.com lowered shares of Geospace Technologies from a "hold" rating to a "sell" rating in a report on Thursday, October 24th.
View Our Latest Research Report on GEOS
Geospace Technologies Stock Up 0.9 %
The company has a market capitalization of $171.06 million, a P/E ratio of 16.77 and a beta of 0.62. The firm's 50-day moving average price is $10.72 and its 200 day moving average price is $10.23.
Geospace Technologies (NASDAQ:GEOS - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The oil and gas company reported ($0.16) EPS for the quarter. The company had revenue of $25.86 million during the quarter. Geospace Technologies had a return on equity of 7.68% and a net margin of 8.28%.
Institutional Trading of Geospace Technologies
Institutional investors have recently made changes to their positions in the company. EagleClaw Capital Managment LLC purchased a new position in Geospace Technologies in the third quarter worth $114,000. WINTON GROUP Ltd bought a new stake in shares of Geospace Technologies during the 2nd quarter worth $113,000. LSV Asset Management purchased a new position in shares of Geospace Technologies in the 1st quarter worth about $191,000. Rhumbline Advisers grew its position in Geospace Technologies by 2,370.7% during the second quarter. Rhumbline Advisers now owns 14,824 shares of the oil and gas company's stock valued at $133,000 after buying an additional 14,224 shares during the period. Finally, Avantax Advisory Services Inc. purchased a new stake in Geospace Technologies during the first quarter worth about $215,000. Institutional investors own 57.15% of the company's stock.
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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