Geospace Technologies (NASDAQ:GEOS – Get Free Report) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.
Geospace Technologies Stock Down 2.0 %
Shares of NASDAQ GEOS traded down $0.22 during midday trading on Thursday, reaching $11.03. 18,856 shares of the company were exchanged, compared to its average volume of 42,143. The stock’s 50-day moving average price is $10.26 and its 200-day moving average price is $10.29. The stock has a market cap of $142.40 million, a P/E ratio of 13.96 and a beta of 0.63. Geospace Technologies has a one year low of $8.09 and a one year high of $17.09.
Geospace Technologies (NASDAQ:GEOS – Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The oil and gas company reported ($0.16) earnings per share for the quarter. Geospace Technologies had a net margin of 8.28% and a return on equity of 7.68%. The firm had revenue of $25.86 million for the quarter.
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About Geospace Technologies
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.
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