Geospace Technologies (NASDAQ:GEOS) Share Price Passes Below 200-Day Moving Average – What’s Next?

Geospace Technologies Corporation (NASDAQ:GEOS) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.77 and traded as low as $8.10. Geospace Technologies shares last traded at $8.61, with a volume of 166,959 shares changing hands.

Wall Street Analysts Forecast Growth

GEOS has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Geospace Technologies in a report on Friday, March 27th. Wall Street Zen upgraded Geospace Technologies from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Geospace Technologies Price Performance

The stock’s 50-day moving average price is $9.96 and its 200-day moving average price is $13.77. The company has a market cap of $111.41 million, a P/E ratio of -3.79 and a beta of 0.20.

Geospace Technologies (NASDAQ:GEOS) last released its quarterly earnings results on Thursday, May 7th. The oil and gas company reported ($0.86) EPS for the quarter. The business had revenue of $19.74 million for the quarter. Geospace Technologies had a negative return on equity of 24.22% and a negative net margin of 28.86%.

Institutional Investors Weigh In On Geospace Technologies

Several institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. increased its stake in Geospace Technologies by 14,530.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,463 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 1,453 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Geospace Technologies by 670.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,453 shares of the oil and gas company’s stock worth $65,000 after purchasing an additional 3,005 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Geospace Technologies in the second quarter worth $51,000. Kestra Advisory Services LLC acquired a new position in Geospace Technologies in the fourth quarter valued at about $67,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in Geospace Technologies during the fourth quarter worth about $176,000. 57.15% of the stock is currently owned by institutional investors.

About Geospace Technologies

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.