Geospace Technologies Corporation (GEOS) Getting Positive Press Coverage, Accern Reports
News coverage about Geospace Technologies Corporation (NASDAQ:GEOS) has been trending positive on Tuesday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Geospace Technologies Corporation earned a coverage optimism score of 0.31 on Accern’s scale. Accern also assigned media stories about the oil and gas company an impact score of 100 out of 100, meaning that recent media coverage is extremely likely to have an impact on the stock’s share price in the next several days.
GEOS has been the subject of several research reports. Zacks Investment Research upgraded shares of Geospace Technologies Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, April 25th. ValuEngine upgraded shares of Geospace Technologies Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd.
Geospace Technologies Corporation (NASDAQ:GEOS) opened at 13.80 on Tuesday. Geospace Technologies Corporation has a one year low of $13.08 and a one year high of $24.37. The company’s market capitalization is $185.47 million. The firm has a 50-day moving average of $15.18 and a 200 day moving average of $17.64.
In related news, Director Richard F. Miles sold 3,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $15.68, for a total value of $47,040.00. Following the completion of the sale, the director now directly owns 2,000 shares of the company’s stock, valued at $31,360. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard F. Miles sold 5,450 shares of the company’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $15.30, for a total transaction of $83,385.00. Following the completion of the sale, the director now directly owns 2,000 shares of the company’s stock, valued at $30,600. The disclosure for this sale can be found here. Insiders have sold 9,950 shares of company stock valued at $154,290 over the last three months. Insiders own 3.47% of the company’s stock.
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Geospace Technologies Corporation 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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