Geospace Technologies (NASDAQ:GEOS) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Geospace Technologies Co. (NASDAQ:GEOS) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.23 and traded as high as $10.31. Geospace Technologies shares last traded at $10.17, with a volume of 24,726 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Geospace Technologies from a “sell” rating to a “hold” rating in a report on Thursday, November 28th.

Geospace Technologies Trading Up 1.6 %

The firm’s fifty day moving average is $11.36 and its 200-day moving average is $10.23. The stock has a market capitalization of $129.25 million, a P/E ratio of -18.83 and a beta of 0.60.

Institutional Trading of Geospace Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the business. US Bancorp DE increased its holdings in shares of Geospace Technologies by 120.0% in the third quarter. US Bancorp DE now owns 71,033 shares of the oil and gas company’s stock worth $734,000 after acquiring an additional 38,752 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Geospace Technologies by 59.2% during the 3rd quarter. Empowered Funds LLC now owns 46,002 shares of the oil and gas company’s stock worth $476,000 after acquiring an additional 17,098 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Geospace Technologies by 18.1% in the second quarter. Acadian Asset Management LLC now owns 226,366 shares of the oil and gas company’s stock valued at $2,027,000 after purchasing an additional 34,762 shares during the period. Bank of New York Mellon Corp acquired a new stake in Geospace Technologies during the second quarter worth approximately $314,000. Finally, Renaissance Technologies LLC lifted its holdings in Geospace Technologies by 14.8% during the 2nd quarter. Renaissance Technologies LLC now owns 47,200 shares of the oil and gas company’s stock worth $424,000 after purchasing an additional 6,100 shares during the last quarter. Institutional investors own 57.15% of the company’s stock.

Geospace Technologies Company Profile

Geospace Technologies Corporation designs and manufactures instruments and equipment used in the oil and gas industry to acquire seismic data in order to locate, characterize, and monitor hydrocarbon producing reservoirs. The company operates through three segments: Oil and Gas Markets, Adjacent Markets, and Emerging Markets.