Geospace Technologies (NASDAQ:GEOS) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Geospace Technologies Corporation (NASDAQ:GEOS)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $18.42 and traded as low as $8.90. Geospace Technologies shares last traded at $9.25, with a volume of 308,692 shares traded.

Wall Street Analyst Weigh In

Several research analysts have recently commented on GEOS shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Geospace Technologies in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Geospace Technologies from a “hold” rating to a “strong sell” rating in a report on Saturday, February 14th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Geospace Technologies presently has a consensus rating of “Sell”.

Geospace Technologies Stock Performance

The firm has a market capitalization of $119.23 million, a P/E ratio of -4.24 and a beta of 0.46. The business has a fifty day moving average of $16.25 and a 200-day moving average of $18.42.

Geospace Technologies (NASDAQ:GEOS) last announced its quarterly earnings results 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 return on equity of 21.91% and a negative net margin of 28.10%.

Hedge Funds Weigh In On Geospace Technologies

Several large investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. lifted its stake in shares of Geospace Technologies by 14,530.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,463 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 1,453 shares during the period. BNP Paribas Financial Markets increased its position in shares of Geospace Technologies by 670.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,453 shares of the oil and gas company’s stock valued at $65,000 after purchasing an additional 3,005 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Geospace Technologies during the 2nd quarter valued at $51,000. Kestra Advisory Services LLC bought a new stake in shares of Geospace Technologies in the 4th quarter worth $67,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in shares of Geospace Technologies in the fourth quarter valued at $176,000. Institutional investors and hedge funds own 57.15% of the company’s stock.

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.