Geospace Technologies (NASDAQ:GEOS) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Geospace Technologies Corporation (NASDAQ:GEOS)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.21 and traded as low as $6.97. Geospace Technologies shares last traded at $7.03, with a volume of 79,446 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wall Street Zen raised Geospace Technologies from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. 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, the stock presently has a consensus rating of “Sell”.

Geospace Technologies Stock Down 3.6%

The company’s 50 day moving average price is $7.61 and its two-hundred day moving average price is $11.21. The firm has a market cap of $90.97 million, a PE ratio of -3.10 and a beta of 0.20.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Grace & White Inc. NY raised its holdings in shares of Geospace Technologies by 53.7% in the first quarter. Grace & White Inc. NY now owns 473,201 shares of the oil and gas company’s stock worth $5,773,000 after buying an additional 165,406 shares during the period. Sei Investments Co. boosted its holdings in Geospace Technologies by 108.6% during the 1st quarter. Sei Investments Co. now owns 410,906 shares of the oil and gas company’s stock valued at $5,013,000 after acquiring an additional 213,950 shares during the period. Glenorchy Capital Ltd grew its position in Geospace Technologies by 1.0% in the 2nd quarter. Glenorchy Capital Ltd now owns 193,884 shares of the oil and gas company’s stock valued at $2,765,000 after acquiring an additional 1,946 shares during the last quarter. De Lisle Partners LLP grew its position in Geospace Technologies by 2.0% in the 4th quarter. De Lisle Partners LLP now owns 147,133 shares of the oil and gas company’s stock valued at $2,482,000 after acquiring an additional 2,899 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Geospace Technologies by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 146,107 shares of the oil and gas company’s stock worth $2,472,000 after purchasing an additional 3,507 shares during the period. Hedge funds and other 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.