Dawson Geophysical (NASDAQ:DWSN) Shares Cross Above 200-Day Moving Average of $1.62

Dawson Geophysical (NASDAQ:DWSNGet Rating) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.62 and traded as high as $2.01. Dawson Geophysical shares last traded at $2.01, with a volume of 333 shares trading hands.

Dawson Geophysical Price Performance

The stock’s fifty day simple moving average is $1.89 and its 200-day simple moving average is $1.62. The firm has a market cap of $47.86 million, a PE ratio of -1.93 and a beta of 1.18.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pinnacle Associates Ltd. boosted its position in Dawson Geophysical by 44.6% during the third quarter. Pinnacle Associates Ltd. now owns 32,422 shares of the oil and gas company’s stock worth $52,000 after acquiring an additional 10,000 shares during the last quarter. Grace & White Inc. NY lifted its holdings in shares of Dawson Geophysical by 4.3% in the 3rd quarter. Grace & White Inc. NY now owns 1,053,894 shares of the oil and gas company’s stock worth $1,676,000 after acquiring an additional 43,308 shares during the last quarter. Finally, Ancora Advisors LLC acquired a new position in shares of Dawson Geophysical in the 1st quarter worth approximately $233,000. Hedge funds and other institutional investors own 10.03% of the company’s stock.

About Dawson Geophysical

(Get Rating)

Dawson Geophysical Company provides onshore seismic data acquisition and processing services in the United States and Canada. The company acquires and processes 2-D, 3-D, and multi-component seismic data for its clients, including oil and gas companies, and independent oil and gas operators, as well as providers of multi-client data libraries.

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