Dawson Geophysical (NASDAQ:DWSN) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Dawson Geophysical Company (NASDAQ:DWSN)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.04 and traded as high as $4.05. Dawson Geophysical shares last traded at $3.90, with a volume of 265,534 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Dawson Geophysical in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Dawson Geophysical Price Performance

The stock has a market cap of $133.83 million, a price-to-earnings ratio of -35.92 and a beta of -0.17. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.80. The company has a 50-day simple moving average of $2.53 and a two-hundred day simple moving average of $2.07.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. HRT Financial LP acquired a new position in shares of Dawson Geophysical during the 4th quarter worth about $26,000. Virtu Financial LLC acquired a new stake in Dawson Geophysical in the 4th quarter valued at about $29,000. Bridgeway Capital Management LLC grew its holdings in Dawson Geophysical by 83.8% during the fourth quarter. Bridgeway Capital Management LLC now owns 21,710 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 9,900 shares during the period. Teton Advisors LLC bought a new position in Dawson Geophysical during the third quarter worth about $35,000. Finally, Jane Street Group LLC acquired a new position in Dawson Geophysical during the second quarter worth approximately $52,000. Institutional investors own 7.86% of the company’s stock.

About Dawson Geophysical

Dawson Geophysical Company provides land-based seismic data acquisition services to the oil and gas industry. Through its subsidiaries, the company specializes in the design, deployment and operation of seismic crews that collect high-fidelity subsurface data. Its services support exploration and development programs by delivering two-dimensional (2D), three-dimensional (3D) and time-lapse (4D) seismic surveys that enable clients to make informed drilling and reservoir management decisions.

The company’s fleet includes vibratory and impulsive seismic sources, high-capacity source trucks, geophone sensor arrays and digital recording systems.