Dawson Geophysical (NASDAQ:DWSN) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

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 $1.88 and traded as high as $2.98. Dawson Geophysical shares last traded at $2.72, with a volume of 89,692 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Dawson Geophysical in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Dawson Geophysical Price Performance

The company’s 50-day moving average price is $2.06 and its 200-day moving average price is $1.88. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.43. The firm has a market cap of $84.46 million, a price-to-earnings ratio of -22.67 and a beta of -0.05.

Hedge Funds Weigh In On Dawson Geophysical

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DWSN. Jane Street Group LLC acquired a new position in shares of Dawson Geophysical in the second quarter worth $52,000. Grace & White Inc. NY boosted its holdings in Dawson Geophysical by 5.0% in the third quarter. Grace & White Inc. NY now owns 909,879 shares of the oil and gas company’s stock valued at $1,601,000 after purchasing an additional 43,457 shares during the period. Teton Advisors LLC acquired a new position in Dawson Geophysical during the 3rd quarter worth $35,000. Pinnacle Associates Ltd. grew its stake in Dawson Geophysical by 19.0% during the 3rd quarter. Pinnacle Associates Ltd. now owns 52,360 shares of the oil and gas company’s stock worth $92,000 after purchasing an additional 8,360 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new stake in Dawson Geophysical during the 3rd quarter worth about $52,000. 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.