Geospace Technologies (NASDAQ:GEOS) Shares Cross Above Two Hundred Day Moving Average of $12.88

Geospace Technologies Co. (NASDAQ:GEOS) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.88 and traded as high as $13.19. Geospace Technologies shares last traded at $13.14, with a volume of 65,128 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Geospace Technologies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 28th.

Geospace Technologies Trading Down 1.8 %

The stock has a market cap of $175.02 million, a price-to-earnings ratio of 7.06 and a beta of 0.78. The firm’s 50-day moving average is $13.08 and its two-hundred day moving average is $12.88.

Geospace Technologies (NASDAQ:GEOS) last posted its quarterly earnings data on Wednesday, February 7th. The oil and gas company reported $0.94 EPS for the quarter. The company had revenue of $50.03 million during the quarter. Geospace Technologies had a return on equity of 18.73% and a net margin of 17.42%.

Insider Activity at Geospace Technologies

In other Geospace Technologies news, SVP Robbin B. Adams sold 2,078 shares of Geospace Technologies stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $12.29, for a total transaction of $25,538.62. Following the sale, the senior vice president now owns 79,739 shares of the company’s stock, valued at approximately $979,992.31. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 4,240 shares of company stock valued at $52,124. 6.89% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GEOS. Quadrature Capital Ltd acquired a new position in Geospace Technologies during the fourth quarter worth $168,000. Vanguard Group Inc. raised its holdings in shares of Geospace Technologies by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 665,985 shares of the oil and gas company’s stock worth $8,631,000 after acquiring an additional 3,400 shares during the period. Goldman Sachs Group Inc. acquired a new position in shares of Geospace Technologies during the 4th quarter valued at about $220,000. Barclays PLC grew its holdings in shares of Geospace Technologies by 200.1% in the fourth quarter. Barclays PLC now owns 25,220 shares of the oil and gas company’s stock valued at $326,000 after purchasing an additional 16,817 shares during the period. Finally, G2 Investment Partners Management LLC acquired a new stake in Geospace Technologies during the fourth quarter worth about $5,297,000. 57.15% of the stock is currently owned by institutional investors and hedge funds.

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.