ValuEngine upgraded shares of Geospace Technologies Corporation (NASDAQ:GEOS) from a strong sell rating to a sell rating in a research note released on Thursday, August 3rd.
Separately, Zacks Investment Research upgraded shares of Geospace Technologies Corporation from a sell rating to a hold rating in a research note on Tuesday, April 25th.
Shares of Geospace Technologies Corporation (GEOS) opened at 14.94 on Thursday. The firm has a 50-day moving average price of $14.40 and a 200-day moving average price of $15.88. Geospace Technologies Corporation has a 52-week low of $13.08 and a 52-week high of $24.37. The firm’s market cap is $200.78 million.
Geospace Technologies Corporation (NASDAQ:GEOS) last posted its earnings results on Thursday, August 3rd. The oil and gas company reported ($1.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by $0.71. Geospace Technologies Corporation had a negative net margin of 75.19% and a negative return on equity of 21.79%. The firm had revenue of $14.20 million during the quarter. Analysts predict that Geospace Technologies Corporation will post ($0.75) EPS for the current fiscal year.
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In other Geospace Technologies Corporation news, Director Richard F. Miles sold 3,000 shares of Geospace Technologies Corporation stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $15.68, for a total transaction of $47,040.00. Following the completion of the sale, the director now owns 2,000 shares of the company’s stock, valued at approximately $31,360. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard F. Miles sold 5,450 shares of Geospace Technologies Corporation stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $15.30, for a total transaction of $83,385.00. Following the sale, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $30,600. The disclosure for this sale can be found here. Insiders own 3.47% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Contravisory Investment Management Inc. purchased a new position in shares of Geospace Technologies Corporation during the first quarter valued at about $126,000. The Manufacturers Life Insurance Company raised its position in shares of Geospace Technologies Corporation by 20.4% in the second quarter. The Manufacturers Life Insurance Company now owns 12,658 shares of the oil and gas company’s stock valued at $175,000 after buying an additional 2,142 shares during the period. Metropolitan Life Insurance Co. NY raised its position in shares of Geospace Technologies Corporation by 40.0% in the first quarter. Metropolitan Life Insurance Co. NY now owns 11,054 shares of the oil and gas company’s stock valued at $179,000 after buying an additional 3,157 shares during the period. Tiedemann Wealth Management LLC raised its position in shares of Geospace Technologies Corporation by 7.2% in the first quarter. Tiedemann Wealth Management LLC now owns 12,300 shares of the oil and gas company’s stock valued at $200,000 after buying an additional 825 shares during the period. Finally, State of Tennessee Treasury Department raised its position in shares of Geospace Technologies Corporation by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 12,424 shares of the oil and gas company’s stock valued at $202,000 after buying an additional 1,875 shares during the period. 81.73% of the stock is owned by institutional investors.
About Geospace Technologies Corporation
Geospace Technologies Corporation designs and manufactures instruments and equipment used by the oil and gas industry to acquire seismic data in order to locate, characterize and monitor hydrocarbon producing reservoirs. The Company also designs and manufactures non-seismic products, including industrial products, offshore cables and imaging equipment.
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