Dawson Geophysical (NASDAQ:DWSN) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Dawson Geophysical Company (NASDAQ:DWSN) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.04 and traded as high as $4.05. Dawson Geophysical shares last traded at $3.90, with a volume of 265,534 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Dawson Geophysical in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Dawson Geophysical Stock Performance

The stock has a 50-day moving average of $2.43 and a 200 day moving average of $2.04. The stock has a market cap of $121.10 million, a PE ratio of -32.50 and a beta of -0.18. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.43.

Hedge Funds Weigh In On Dawson Geophysical

A number of hedge funds have recently made changes to their positions in the stock. Pinnacle Associates Ltd. increased its holdings in Dawson Geophysical by 19.0% in the 3rd quarter. Pinnacle Associates Ltd. now owns 52,360 shares of the oil and gas company’s stock valued at $92,000 after purchasing an additional 8,360 shares during the last quarter. Bridgeway Capital Management LLC boosted its position in shares of Dawson Geophysical by 83.8% during the fourth quarter. Bridgeway Capital Management LLC now owns 21,710 shares of the oil and gas company’s stock worth $34,000 after buying an additional 9,900 shares during the period. HRT Financial LP acquired a new stake in shares of Dawson Geophysical in the fourth quarter valued at $26,000. Virtu Financial LLC purchased a new stake in shares of Dawson Geophysical in the 4th quarter valued at $29,000. Finally, Teton Advisors LLC purchased a new stake in shares of Dawson Geophysical in the 3rd quarter valued at $35,000. 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.