Geospace Technologies (NASDAQ:GEOS - Get Free Report) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Tuesday.
Geospace Technologies Stock Up 1.3 %
GEOS traded up $0.08 on Tuesday, hitting $6.14. The company's stock had a trading volume of 58,394 shares, compared to its average volume of 66,796. The company's 50 day simple moving average is $7.42 and its 200-day simple moving average is $9.51. Geospace Technologies has a 12 month low of $5.77 and a 12 month high of $14.15. The firm has a market cap of $78.45 million, a P/E ratio of -7.40 and a beta of 0.20.
Geospace Technologies (NASDAQ:GEOS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Geospace Technologies had a positive return on equity of 4.61% and a negative net margin of 8.86%.
Institutional Investors Weigh In On Geospace Technologies
Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its holdings in shares of Geospace Technologies by 40.7% during 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 buying an additional 872 shares in the last quarter. State Street Corp lifted its holdings in shares of Geospace Technologies by 12.4% in the 3rd quarter. State Street Corp now owns 167,497 shares of the oil and gas company's stock worth $1,732,000 after acquiring an additional 18,469 shares during the last quarter. Barclays PLC boosted its stake in shares of Geospace Technologies by 278.2% in the 3rd quarter. Barclays PLC now owns 16,622 shares of the oil and gas company's stock valued at $172,000 after purchasing an additional 12,227 shares in the last quarter. Empowered Funds LLC raised its position in Geospace Technologies by 4.9% in the 4th quarter. Empowered Funds LLC now owns 48,238 shares of the oil and gas company's stock worth $483,000 after purchasing an additional 2,236 shares during the period. Finally, Peapod Lane Capital LLC bought a new stake in Geospace Technologies in the fourth quarter worth $2,542,000. 57.15% of the stock is owned by hedge funds and other institutional investors.
Geospace Technologies Company Profile
(
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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