Geospace Technologies Co. (NASDAQ:GEOS – Get Rating) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.64 and traded as high as $6.25. Geospace Technologies shares last traded at $6.21, with a volume of 53,880 shares.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised shares of Geospace Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, February 15th.
Geospace Technologies Trading Up 4.2 %
The firm has a market cap of $81.54 million, a P/E ratio of -4.97 and a beta of 1.46. The firm’s 50 day moving average is $4.84 and its two-hundred day moving average is $4.64.
Insiders Place Their Bets
Hedge Funds Weigh In On Geospace Technologies
A number of large investors have recently bought and sold shares of GEOS. BlackRock Inc. boosted its position in shares of Geospace Technologies by 1.7% during the third quarter. BlackRock Inc. now owns 259,584 shares of the oil and gas company’s stock valued at $1,145,000 after purchasing an additional 4,338 shares in the last quarter. Mraz Amerine & Associates Inc. grew its stake in Geospace Technologies by 37.1% during the third quarter. Mraz Amerine & Associates Inc. now owns 33,406 shares of the oil and gas company’s stock valued at $147,000 after acquiring an additional 9,036 shares in the last quarter. Prelude Capital Management LLC purchased a new position in Geospace Technologies during the 1st quarter valued at approximately $58,000. Millennium Management LLC purchased a new position in shares of Geospace Technologies in the 4th quarter worth approximately $67,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Geospace Technologies during the 4th quarter worth approximately $67,000. 49.29% of the stock is owned by hedge funds and other institutional investors.
About Geospace Technologies
Geospace Technologies Corp. designs and manufactures instruments and equipment used in the oil and gas industry for acquisition and processing of seismic data. It operates through the following business segments: Oil &Gas Markets, Adjacent Markets and Emerging Markets. The Oil & Gas Markets segments products include wireless seismic data acquisition systems, reservoir characterization products and services, and traditional seismic exploration products such as geophones, hydrophones, leader wire, connectors, cables, marine streamer retrieval and steering devices and various other seismic products.
- Get a free copy of the StockNews.com research report on Geospace Technologies (GEOS)
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