Dawson Geophysical (NASDAQ:DWSN) Stock Price Passes Above Two Hundred Day Moving Average of $1.80

Dawson Geophysical (NASDAQ:DWSN – Get Rating) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.80 and traded as high as $2.10. Dawson Geophysical shares last traded at $2.10, with a volume of 1,042 shares trading hands.

Dawson Geophysical Stock Performance

The firm’s 50-day moving average price is $1.81 and its two-hundred day moving average price is $1.80. The company has a quick ratio of 2.41, a current ratio of 2.26 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $52.50 million, a PE ratio of -2.69 and a beta of 1.00.

Dawson Geophysical (NASDAQ:DWSN – Get Rating) last posted its quarterly earnings data on Monday, March 13th. The oil and gas company reported ($0.24) earnings per share for the quarter. The firm had revenue of $14.66 million for the quarter. Dawson Geophysical had a negative return on equity of 50.42% and a negative net margin of 38.07%.

Hedge Funds Weigh In On Dawson Geophysical

An institutional investor recently bought a new position in Dawson Geophysical stock. Ancora Advisors LLC bought a new position in Dawson Geophysical (NASDAQ:DWSN – Get Rating) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 95,257 shares of the oil and gas company’s stock, valued at approximately $233,000. Ancora Advisors LLC owned approximately 0.40% of Dawson Geophysical as of its most recent SEC filing. Institutional investors own 10.16% of the company’s stock.

About Dawson Geophysical

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Dawson Geophysical Co engages in the provision of onshore seismic data acquisition services. The firm is also involved in acquiring and processing 2-D, 3-D, and multi-component seismic data to providers of multi-client data libraries for use in the onshore drilling and production of oil and natural gas as well as directly to onshore oil and natural gas exploration and development companies.