Geospace Technologies (NASDAQ:GEOS) Share Price Passes Below 200-Day Moving Average – What’s Next?

Geospace Technologies Corporation (NASDAQ:GEOS)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.77 and traded as low as $8.10. Geospace Technologies shares last traded at $8.61, with a volume of 166,959 shares traded.

Analyst Ratings Changes

GEOS has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Geospace Technologies from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of Geospace Technologies in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Geospace Technologies presently has an average rating of “Sell”.

Geospace Technologies Trading Up 6.3%

The firm has a market capitalization of $111.41 million, a price-to-earnings ratio of -3.79 and a beta of 0.20. The stock’s 50-day moving average is $9.96 and its 200-day moving average is $13.77.

Geospace Technologies (NASDAQ:GEOS) last issued its earnings results on Thursday, May 7th. The oil and gas company reported ($0.86) earnings per share for the quarter. The company had revenue of $19.74 million during the quarter. Geospace Technologies had a negative net margin of 28.86% and a negative return on equity of 24.22%.

Institutional Investors Weigh In On Geospace Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE raised its position in Geospace Technologies by 86.1% in the third quarter. Bank of America Corp DE now owns 24,277 shares of the oil and gas company’s stock valued at $460,000 after purchasing an additional 11,234 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of Geospace Technologies during the fourth quarter valued at about $370,000. Brevan Howard Capital Management LP bought a new stake in shares of Geospace Technologies during the second quarter worth about $306,000. Charles Schwab Investment Management Inc. acquired a new position in shares of Geospace Technologies in the fourth quarter valued at approximately $176,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of Geospace Technologies in the fourth quarter valued at approximately $67,000. Institutional investors own 57.15% of the company’s stock.

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.