Dawson Geophysical (NASDAQ:DWSN) Share Price Passes Above 200-Day Moving Average – Should You Sell?

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 $1.63 and traded as high as $1.92. Dawson Geophysical shares last traded at $1.89, with a volume of 27,853 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Dawson Geophysical from a “sell (d)” rating to a “hold (c-)” rating in a research note on Wednesday, November 19th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Dawson Geophysical Stock Performance

The stock’s fifty day simple moving average is $1.91 and its two-hundred day simple moving average is $1.63. The company has a market cap of $58.68 million, a price-to-earnings ratio of -7.27 and a beta of -0.02. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.18 and a current ratio of 1.18.

Dawson Geophysical (NASDAQ:DWSN) last released its quarterly earnings data on Wednesday, November 12th. The oil and gas company reported ($0.04) EPS for the quarter. Dawson Geophysical had a negative return on equity of 44.29% and a negative net margin of 13.89%.The firm had revenue of $22.75 million for the quarter.

Institutional Trading of Dawson Geophysical

A number of institutional investors have recently modified their holdings of DWSN. Teton Advisors LLC purchased a new position in Dawson Geophysical in the third quarter valued at approximately $35,000. Jane Street Group LLC acquired a new stake in shares of Dawson Geophysical in the second quarter worth $52,000. Two Sigma Investments LP purchased a new position in shares of Dawson Geophysical in the 3rd quarter valued at $52,000. Pinnacle Associates Ltd. lifted its holdings in shares of Dawson Geophysical by 55.5% during the 1st quarter. Pinnacle Associates Ltd. now owns 50,422 shares of the oil and gas company’s stock valued at $62,000 after acquiring an additional 18,000 shares in the last quarter. Finally, Citadel Advisors LLC boosted its position in Dawson Geophysical by 67.9% during the 3rd quarter. Citadel Advisors LLC now owns 60,599 shares of the oil and gas company’s stock worth $107,000 after purchasing an additional 24,504 shares during the period. Hedge funds and other institutional investors own 7.86% of the company’s stock.

About Dawson Geophysical

Dawson Geophysical Company provides onshore seismic data acquisition and processing services in the United States and Canada. The company acquires and processes 2-D, 3-D, and multi-component seismic data for its clients, including oil and gas companies, and independent oil and gas operators, as well as providers of multi-client data libraries and carbon capture sequestration projects.