Dawson Geophysical (NASDAQ:DWSN) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Dawson Geophysical (NASDAQ:DWSN) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.35 and traded as high as $5.54. Dawson Geophysical shares last traded at $2.90, with a volume of 52,783,295 shares traded.

Dawson Geophysical Stock Up 111.7%

The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.08. The company has a 50 day simple moving average of $1.29 and a two-hundred day simple moving average of $1.35. The company has a market capitalization of $89.85 million, a P/E ratio of -16.11 and a beta of 0.21.

Dawson Geophysical (NASDAQ:DWSN) last released its quarterly earnings data on Tuesday, May 13th. The oil and gas company reported $0.03 earnings per share for the quarter. The firm had revenue of $16.08 million during the quarter. Dawson Geophysical had a negative return on equity of 21.54% and a negative net margin of 6.55%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Dawson Geophysical stock. Pinnacle Associates Ltd. lifted its holdings in shares of Dawson Geophysical (NASDAQ:DWSN) by 55.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 50,422 shares of the oil and gas company’s stock after acquiring an additional 18,000 shares during the period. Pinnacle Associates Ltd. owned approximately 0.16% of Dawson Geophysical worth $62,000 at the end of the most recent quarter. Institutional investors own 7.86% of the company’s stock.

Dawson Geophysical Company Profile

Dawson Geophysical Company provides onshore seismic data acquisition and processing services in the United States and Canada. The company acquires and processes 2-D, 3-D, and multi-component seismic data for its clients, including oil and gas companies, and independent oil and gas operators, as well as providers of multi-client data libraries and carbon capture sequestration projects.