Geospace Technologies (NASDAQ:GEOS) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Geospace Technologies Corporation (NASDAQ:GEOS)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.42 and traded as low as $8.90. Geospace Technologies shares last traded at $9.25, with a volume of 308,692 shares.

Wall Street Analyst Weigh In

GEOS has been the topic of several recent research reports. Wall Street Zen cut shares of Geospace Technologies from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Geospace Technologies in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Geospace Technologies Price Performance

The firm has a market cap of $119.23 million, a price-to-earnings ratio of -4.24 and a beta of 0.46. The stock’s fifty day moving average price is $16.25 and its 200-day moving average price is $18.42.

Geospace Technologies (NASDAQ:GEOS) last posted its quarterly earnings data on Wednesday, February 4th. The oil and gas company reported ($0.76) earnings per share for the quarter. Geospace Technologies had a negative return on equity of 21.91% and a negative net margin of 28.10%.The firm had revenue of $25.59 million for the quarter.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC boosted its stake in shares of Geospace Technologies by 2.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 522,864 shares of the oil and gas company’s stock valued at $9,914,000 after buying an additional 13,500 shares during the period. Glenorchy Capital Ltd boosted its position in Geospace Technologies by 1.0% during the second quarter. Glenorchy Capital Ltd now owns 193,884 shares of the oil and gas company’s stock valued at $2,765,000 after purchasing an additional 1,946 shares during the last quarter. De Lisle Partners LLP grew its stake in Geospace Technologies by 2.0% in the fourth quarter. De Lisle Partners LLP now owns 147,133 shares of the oil and gas company’s stock valued at $2,482,000 after purchasing an additional 2,899 shares in the last quarter. Geode Capital Management LLC increased its position in Geospace Technologies by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 146,107 shares of the oil and gas company’s stock worth $2,472,000 after purchasing an additional 3,507 shares during the last quarter. Finally, Bridgeway Capital Management LLC raised its stake in shares of Geospace Technologies by 5.4% during 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. Institutional investors and hedge funds own 57.15% of the company’s stock.

Geospace Technologies Company Profile

Geospace Technologies Corporation specializes in the design, manufacturing and marketing of geophysical instrumentation for seismic data acquisition. The company’s solutions address the needs of oil and gas exploration and production companies by enabling detailed subsurface imaging through advanced sensor and acquisition systems. Geospace serves both land and marine seismic markets, offering equipment that meets the rigorous demands of contemporary seismic surveys.

In its Land Products segment, Geospace Technologies offers a range of components including geophones, accelerometers, cable and recorder accessories designed to collect high-quality seismic signals in onshore environments.