Geospace Technologies Co. (NASDAQ:GEOS) reached a new 52-week low during trading on Tuesday . The company traded as low as $11.52 and last traded at $11.60, with a volume of 48100 shares. The stock had previously closed at $11.60.
The company has a market capitalization of $157.31, a P/E ratio of -2.80 and a beta of 1.29.
Geospace Technologies (NASDAQ:GEOS) last announced its quarterly earnings data on Thursday, November 30th. The oil and gas company reported ($1.46) earnings per share (EPS) for the quarter. Geospace Technologies had a negative net margin of 74.67% and a negative return on equity of 26.66%. The firm had revenue of $23.68 million during the quarter.
A number of institutional investors have recently made changes to their positions in GEOS. Schwab Charles Investment Management Inc. raised its stake in Geospace Technologies by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 49,701 shares of the oil and gas company’s stock valued at $688,000 after acquiring an additional 304 shares during the period. Alliancebernstein L.P. raised its stake in Geospace Technologies by 5.3% in the 2nd quarter. Alliancebernstein L.P. now owns 19,700 shares of the oil and gas company’s stock valued at $272,000 after acquiring an additional 1,000 shares during the period. Teachers Advisors LLC raised its stake in Geospace Technologies by 20.7% in the 2nd quarter. Teachers Advisors LLC now owns 25,061 shares of the oil and gas company’s stock valued at $347,000 after acquiring an additional 4,291 shares during the period. TIAA CREF Investment Management LLC raised its stake in Geospace Technologies by 4.2% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 36,334 shares of the oil and gas company’s stock valued at $502,000 after acquiring an additional 1,453 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in Geospace Technologies by 0.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 233,728 shares of the oil and gas company’s stock valued at $3,233,000 after acquiring an additional 1,483 shares during the period. Institutional investors and hedge funds own 79.30% of the company’s stock.
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Geospace Technologies Company Profile
Geospace Technologies Corporation designs and manufactures instruments and equipment used by the oil and gas industry to acquire seismic data in order to locate, characterize and monitor hydrocarbon producing reservoirs. The Company also designs and manufactures non-seismic products, including industrial products, offshore cables and imaging equipment.
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