Geospace Technologies (NASDAQ:GEOS) Lowered to Strong Sell Rating by Wall Street Zen

Geospace Technologies (NASDAQ:GEOS) was downgraded by Wall Street Zen from a “hold” rating to a “strong sell” rating in a report issued on Saturday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Geospace Technologies in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Geospace Technologies Stock Performance

Shares of NASDAQ GEOS opened at $9.69 on Friday. Geospace Technologies has a fifty-two week low of $5.51 and a fifty-two week high of $29.89. The company has a market cap of $124.88 million, a price-to-earnings ratio of -4.44 and a beta of 0.46. The business’s 50 day moving average price is $16.97 and its 200-day moving average price is $18.71.

Geospace Technologies (NASDAQ:GEOS) last posted its quarterly earnings data on Wednesday, February 4th. The oil and gas company reported ($0.76) earnings per share (EPS) for the quarter. The business had revenue of $25.59 million for the quarter. Geospace Technologies had a negative net margin of 28.10% and a negative return on equity of 21.91%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC lifted its holdings in Geospace Technologies by 8.9% during the second quarter. First Eagle Investment Management LLC now owns 509,364 shares of the oil and gas company’s stock worth $7,264,000 after buying an additional 41,477 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of Geospace Technologies in the 2nd quarter worth $288,000. Goldman Sachs Group Inc. boosted its position in Geospace Technologies by 229.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 60,136 shares of the oil and gas company’s stock valued at $1,017,000 after purchasing an additional 41,865 shares in the last quarter. Geode Capital Management LLC boosted its position in Geospace Technologies by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 146,107 shares of the oil and gas company’s stock valued at $2,472,000 after purchasing an additional 3,507 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Geospace Technologies by 86.1% in the third quarter. Bank of America Corp DE now owns 24,277 shares of the oil and gas company’s stock valued at $460,000 after purchasing an additional 11,234 shares during the last quarter. 57.15% of the stock is currently owned by institutional investors.

Geospace Technologies Company Profile

Geospace Technologies Corporation specializes in the design, manufacturing and marketing of geophysical instrumentation for seismic data acquisition. The company’s solutions address the needs of oil and gas exploration and production companies by enabling detailed subsurface imaging through advanced sensor and acquisition systems. Geospace serves both land and marine seismic markets, offering equipment that meets the rigorous demands of contemporary seismic surveys.

In its Land Products segment, Geospace Technologies offers a range of components including geophones, accelerometers, cable and recorder accessories designed to collect high-quality seismic signals in onshore environments.