Geospace Technologies Co. (NASDAQ:GEOS) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.78 and traded as high as $9.33. Geospace Technologies shares last traded at $9.28, with a volume of 9,034 shares trading hands.
The company has a market capitalization of $119.74 million, a P/E ratio of -9.45 and a beta of 2.04. The company has a fifty day moving average price of $9.63 and a 200 day moving average price of $8.78.
Geospace Technologies (NASDAQ:GEOS) last posted its earnings results on Thursday, August 5th. The oil and gas company reported ($0.06) EPS for the quarter. The company had revenue of $23.08 million for the quarter. Geospace Technologies had a negative net margin of 13.29% and a negative return on equity of 8.27%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hancock Whitney Corp purchased a new stake in shares of Geospace Technologies in the first quarter valued at $96,000. Trexquant Investment LP acquired a new position in shares of Geospace Technologies in the first quarter worth $109,000. Morgan Stanley increased its stake in shares of Geospace Technologies by 28.8% in the first quarter. Morgan Stanley now owns 12,955 shares of the oil and gas company’s stock worth $118,000 after acquiring an additional 2,898 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Geospace Technologies during the first quarter worth $175,000. Finally, State of Tennessee Treasury Department increased its position in Geospace Technologies by 94.6% during the first quarter. State of Tennessee Treasury Department now owns 26,731 shares of the oil and gas company’s stock worth $244,000 after buying an additional 12,997 shares during the last quarter. Institutional investors own 62.21% of the company’s stock.
About Geospace Technologies (NASDAQ:GEOS)
Geospace Technologies Corp. designs and manufactures instruments and equipment used in the oil and gas industry for acquisition and processing of seismic data. It operates through the following business segments: Oil &Gas Markets, Adjacent Markets and Emerging Markets. The Oil & Gas Markets segments products include wireless seismic data acquisition systems, reservoir characterization products and services, and traditional seismic exploration products such as geophones, hydrophones, leader wire, connectors, cables, marine streamer retrieval and steering devices and various other seismic products.
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