Geospace Technologies (NASDAQ:GEOS) Downgraded to Hold Rating by Wall Street Zen

Geospace Technologies (NASDAQ:GEOS) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Geospace Technologies in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Geospace Technologies has an average rating of “Sell”.

Geospace Technologies Trading Up 21.0%

Shares of Geospace Technologies stock opened at $13.45 on Friday. The company’s 50-day moving average price is $21.88 and its 200-day moving average price is $16.16. Geospace Technologies has a 12-month low of $5.51 and a 12-month high of $29.89. The company has a market cap of $172.44 million, a price-to-earnings ratio of -12.69 and a beta of 0.62.

Geospace Technologies (NASDAQ:GEOS) last issued its quarterly earnings data on Thursday, November 20th. The oil and gas company reported ($0.71) EPS for the quarter. Geospace Technologies had a negative net margin of 11.70% and a positive return on equity of 2.77%. The firm had revenue of $30.71 million for the quarter.

Institutional Trading of Geospace Technologies

A number of hedge funds have recently made changes to their positions in the stock. First Eagle Investment Management LLC grew its position in Geospace Technologies by 2.7% in the third quarter. First Eagle Investment Management LLC now owns 522,864 shares of the oil and gas company’s stock worth $9,914,000 after acquiring an additional 13,500 shares in the last quarter. Grace & White Inc. NY raised its position in Geospace Technologies by 9.6% during the second quarter. Grace & White Inc. NY now owns 330,321 shares of the oil and gas company’s stock valued at $4,710,000 after purchasing an additional 29,000 shares in the last quarter. Glenorchy Capital Ltd boosted its holdings in shares of Geospace Technologies by 1.0% in the 2nd quarter. Glenorchy Capital Ltd now owns 193,884 shares of the oil and gas company’s stock worth $2,765,000 after purchasing an additional 1,946 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in shares of Geospace Technologies by 5.4% in the 3rd quarter. Bridgeway Capital Management LLC now owns 138,619 shares of the oil and gas company’s stock worth $2,628,000 after purchasing an additional 7,141 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of Geospace Technologies by 74.6% during the 1st quarter. US Bancorp DE now owns 124,034 shares of the oil and gas company’s stock valued at $894,000 after purchasing an additional 53,001 shares during the last quarter. 57.15% of the stock is owned by institutional investors.

Geospace Technologies Company Profile

Geospace Technologies Corporation designs and manufactures instruments and equipment used in the oil and gas industry to acquire seismic data in order to locate, characterize, and monitor hydrocarbon producing reservoirs. The company operates through three segments: Oil and Gas Markets, Adjacent Markets, and Emerging Markets.