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Geospace Technologies Corp (NASDAQ:GEOS) shares reached a new 52-week low during trading on Wednesday , Stock Ratings Network.com reports. The stock traded as low as $41.34 and last traded at $41.78, with a volume of 116,001 shares changing hands. The stock had previously closed at $42.40.

GEOS has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Geospace Technologies Corp from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 9th. They now have a $52.40 price target on the stock. Separately, analysts at TheStreet downgraded shares of Geospace Technologies Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, June 4th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $72.68.

The stock has a 50-day moving average of $49.61 and a 200-day moving average of $62.08. The company has a market cap of $541.2 million and a price-to-earnings ratio of 8.42.

Geospace Technologies Corp (NASDAQ:GEOS) last released its earnings data on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.02 by $0.20. The company had revenue of $68.60 million for the quarter, compared to the consensus estimate of $64.52 million. During the same quarter in the prior year, the company posted $1.30 earnings per share. The company’s quarterly revenue was down 10.2% on a year-over-year basis. Analysts expect that Geospace Technologies Corp will post $3.68 EPS for the current fiscal year.

Geospace Technologies Corporation designs and manufactures instruments and equipment used in the acquisition and processing of seismic data as well as in the characterization and monitoring of producing oil and gas reservoirs.

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