Geospace Technologies (NASDAQ:GEOS) Rating Increased to Hold at StockNews.com

Geospace Technologies (NASDAQ:GEOS) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

Geospace Technologies Stock Performance

Shares of NASDAQ GEOS opened at $6.11 on Tuesday. The stock has a market cap of $78.07 million, a P/E ratio of -7.36 and a beta of 0.20. Geospace Technologies has a 52-week low of $5.77 and a 52-week high of $14.15. The firm has a 50 day moving average price of $7.61 and a two-hundred day moving average price of $9.62.

Geospace Technologies (NASDAQ:GEOS) last issued its earnings results on Wednesday, February 5th. The oil and gas company reported $0.65 earnings per share for the quarter. Geospace Technologies had a positive return on equity of 4.61% and a negative net margin of 8.86%.

Institutional Investors Weigh In On Geospace Technologies

A number of hedge funds have recently added to or reduced their stakes in GEOS. Tieton Capital Management LLC grew its position in Geospace Technologies by 22.5% in the 4th quarter. Tieton Capital Management LLC now owns 882,797 shares of the oil and gas company’s stock valued at $8,846,000 after purchasing an additional 161,905 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Geospace Technologies by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 649,933 shares of the oil and gas company’s stock worth $6,512,000 after acquiring an additional 22,584 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Geospace Technologies by 1,200.2% in the 4th quarter. First Eagle Investment Management LLC now owns 283,321 shares of the oil and gas company’s stock worth $2,839,000 after acquiring an additional 261,530 shares during the last quarter. Peapod Lane Capital LLC bought a new position in Geospace Technologies in the 4th quarter valued at about $2,542,000. Finally, State Street Corp lifted its position in Geospace Technologies by 12.4% in the 3rd quarter. State Street Corp now owns 167,497 shares of the oil and gas company’s stock valued at $1,732,000 after acquiring an additional 18,469 shares in the last quarter. Institutional investors and hedge funds own 57.15% of the company’s stock.

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.