Dawson Geophysical (NASDAQ:DWSN) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Dawson Geophysical Company (NASDAQ:DWSN) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.39 and traded as high as $1.63. Dawson Geophysical shares last traded at $1.63, with a volume of 47,813 shares trading hands.

Dawson Geophysical Stock Performance

The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.07. The business’s 50 day moving average is $1.46 and its two-hundred day moving average is $1.39. The company has a market cap of $50.46 million, a PE ratio of -6.25 and a beta of -0.04.

Dawson Geophysical (NASDAQ:DWSN) last released its earnings results on Tuesday, August 12th. The oil and gas company reported ($0.08) earnings per share for the quarter. Dawson Geophysical had a negative net margin of 13.89% and a negative return on equity of 44.29%. The firm had revenue of $9.85 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DWSN. Mink Brook Asset Management LLC bought a new position in shares of Dawson Geophysical during the 4th quarter valued at about $724,000. Jane Street Group LLC bought a new position in shares of Dawson Geophysical during the 2nd quarter valued at about $52,000. Finally, Pinnacle Associates Ltd. boosted its holdings in shares of Dawson Geophysical by 55.5% during the 1st quarter. Pinnacle Associates Ltd. now owns 50,422 shares of the oil and gas company’s stock valued at $62,000 after purchasing an additional 18,000 shares during the last quarter. Institutional investors own 7.86% of the company’s stock.

About Dawson Geophysical

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.