Dawson Geophysical (NASDAQ:DWSN) Stock Price Crosses Above 200-Day Moving Average of $0.00

Dawson Geophysical (NASDAQ:DWSN) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as high as $2.75. Dawson Geophysical shares last traded at $2.73, with a volume of 53,172 shares trading hands.

The business’s 50 day moving average price is $2.40. The company has a market cap of $62.69 million, a P/E ratio of -3.26 and a beta of 1.76.

Dawson Geophysical (NASDAQ:DWSN) last issued its quarterly earnings results on Thursday, May 13th. The oil and gas company reported ($0.22) earnings per share for the quarter. Dawson Geophysical had a negative return on equity of 20.40% and a negative net margin of 32.98%. The business had revenue of $11.75 million for the quarter.

Several large investors have recently added to or reduced their stakes in DWSN. Acadian Asset Management LLC acquired a new stake in shares of Dawson Geophysical in the first quarter worth $41,000. Victory Capital Management Inc. acquired a new stake in Dawson Geophysical during the first quarter valued at $103,000. Clarus Group Inc. acquired a new stake in Dawson Geophysical during the first quarter valued at $113,000. Geode Capital Management LLC grew its position in Dawson Geophysical by 12.5% during the first quarter. Geode Capital Management LLC now owns 158,380 shares of the oil and gas company’s stock valued at $388,000 after buying an additional 17,597 shares during the period. Finally, Salem Investment Counselors Inc. grew its position in Dawson Geophysical by 1.1% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,172,287 shares of the oil and gas company’s stock valued at $2,485,000 after buying an additional 13,000 shares during the period. Hedge funds and other institutional investors own 47.80% of the company’s stock.

About Dawson Geophysical (NASDAQ:DWSN)

Dawson Geophysical Company provides onshore seismic data acquisition and processing services in the United States and Canada. The company acquires and processes 2-D, 3-D, and multi-component seismic data for its clients, including oil and gas companies, and independent oil and gas operators, as well as providers of multi-client data libraries.

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