Dawson Geophysical (NASDAQ:DWSN) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Dawson Geophysical Company (NASDAQ:DWSN) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.68 and traded as high as $1.86. Dawson Geophysical shares last traded at $1.80, with a volume of 86,620 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Dawson Geophysical in a report on Monday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Dawson Geophysical presently has an average rating of “Hold”.

Dawson Geophysical Stock Performance

The stock has a fifty day simple moving average of $1.95 and a 200-day simple moving average of $1.68. The stock has a market cap of $55.89 million, a P/E ratio of -15.00 and a beta of -0.10. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.80.

Dawson Geophysical (NASDAQ:DWSN) last posted its quarterly earnings data on Wednesday, November 12th. The oil and gas company reported ($0.04) earnings per share for the quarter. The firm had revenue of $22.75 million for the quarter. Dawson Geophysical had a negative return on equity of 19.72% and a negative net margin of 5.15%.

Institutional Trading of Dawson Geophysical

A number of institutional investors have recently made changes to their positions in DWSN. Grace & White Inc. NY grew its position in Dawson Geophysical by 5.0% in the third quarter. Grace & White Inc. NY now owns 909,879 shares of the oil and gas company’s stock valued at $1,601,000 after purchasing an additional 43,457 shares in the last quarter. Jane Street Group LLC bought a new stake in Dawson Geophysical during the second quarter worth about $52,000. Two Sigma Investments LP acquired a new position in Dawson Geophysical during the third quarter valued at approximately $52,000. Citadel Advisors LLC grew its stake in Dawson Geophysical by 67.9% in the third quarter. Citadel Advisors LLC now owns 60,599 shares of the oil and gas company’s stock valued at $107,000 after purchasing an additional 24,504 shares in the last quarter. Finally, Teton Advisors LLC bought a new position in Dawson Geophysical in the third quarter valued at approximately $35,000. 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.