Dawson Geophysical (NASDAQ:DWSN) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Dawson Geophysical Company (NASDAQ:DWSN)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.88 and traded as high as $2.98. Dawson Geophysical shares last traded at $2.72, with a volume of 89,692 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dawson Geophysical in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Dawson Geophysical currently has an average rating of “Hold”.

Dawson Geophysical Stock Performance

The firm’s 50 day moving average price is $2.06 and its two-hundred day moving average price is $1.88. The firm has a market cap of $84.46 million, a PE ratio of -22.67 and a beta of -0.05. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.80.

Institutional Investors Weigh In On Dawson Geophysical

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new position in shares of Dawson Geophysical during the 4th quarter worth $29,000. Bridgeway Capital Management LLC lifted its position in Dawson Geophysical by 83.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 21,710 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 9,900 shares during the last quarter. HRT Financial LP purchased a new position in Dawson Geophysical during the fourth quarter worth about $26,000. Citadel Advisors LLC boosted its stake in Dawson Geophysical by 67.9% during the third quarter. Citadel Advisors LLC now owns 60,599 shares of the oil and gas company’s stock worth $107,000 after buying an additional 24,504 shares during the period. Finally, Two Sigma Investments LP acquired a new stake in shares of Dawson Geophysical during the third quarter valued at about $52,000. Hedge funds and other institutional investors own 7.86% of the company’s stock.

Dawson Geophysical Company Profile

Dawson Geophysical Company provides land-based seismic data acquisition services to the oil and gas industry. Through its subsidiaries, the company specializes in the design, deployment and operation of seismic crews that collect high-fidelity subsurface data. Its services support exploration and development programs by delivering two-dimensional (2D), three-dimensional (3D) and time-lapse (4D) seismic surveys that enable clients to make informed drilling and reservoir management decisions.

The company’s fleet includes vibratory and impulsive seismic sources, high-capacity source trucks, geophone sensor arrays and digital recording systems.