Geospace Technologies (NASDAQ:GEOS) Stock Rating Lowered by Wall Street Zen

Geospace Technologies (NASDAQ:GEOS) was downgraded by analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings raised Geospace Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 16th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Geospace Technologies has an average rating of “Sell”.

Geospace Technologies Price Performance

Shares of GEOS stock opened at $5.60 on Friday. The company’s fifty day simple moving average is $6.85 and its two-hundred day simple moving average is $9.13. Geospace Technologies has a 52 week low of $5.05 and a 52 week high of $29.89. The stock has a market cap of $72.46 million, a P/E ratio of -1.82 and a beta of 0.19.

Geospace Technologies (NASDAQ:GEOS) last issued its quarterly earnings data on Friday, August 7th. The oil and gas company reported ($0.75) earnings per share for the quarter. Geospace Technologies had a negative net margin of 43.10% and a negative return on equity of 35.80%. The firm had revenue of $15.80 million for the quarter.

Institutional Trading of Geospace Technologies

Hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its holdings in shares of Geospace Technologies by 670.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,453 shares of the oil and gas company’s stock worth $65,000 after purchasing an additional 3,005 shares during the period. Raymond James Financial Inc. bought a new stake in Geospace Technologies during the 2nd quarter valued at about $51,000. Kestra Advisory Services LLC bought a new position in Geospace Technologies in the fourth quarter worth approximately $67,000. Charles Schwab Investment Management Inc. bought a new position in shares of Geospace Technologies during the 4th quarter worth $176,000. Finally, Balyasny Asset Management L.P. purchased a new position in Geospace Technologies during the 4th quarter valued at about $178,000. 57.15% of the stock is currently owned by hedge funds and other institutional investors.

Geospace Technologies Company Profile

Geospace Technologies Corporation specializes in the design, manufacturing and marketing of geophysical instrumentation for seismic data acquisition. The company’s solutions address the needs of oil and gas exploration and production companies by enabling detailed subsurface imaging through advanced sensor and acquisition systems. Geospace serves both land and marine seismic markets, offering equipment that meets the rigorous demands of contemporary seismic surveys.

In its Land Products segment, Geospace Technologies offers a range of components including geophones, accelerometers, cable and recorder accessories designed to collect high-quality seismic signals in onshore environments.