Geospace Technologies (NASDAQ:GEOS) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Geospace Technologies (NASDAQ:GEOS) from a hold rating to a sell rating in a report published on Monday.

Geospace Technologies Stock Performance

Shares of NASDAQ:GEOS opened at $6.33 on Monday. The company has a market capitalization of $80.88 million, a PE ratio of -7.63 and a beta of 0.20. The company’s fifty day moving average is $8.03 and its 200-day moving average is $9.81. Geospace Technologies has a 52 week low of $6.06 and a 52 week high of $14.36.

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

Institutional Investors Weigh In On Geospace Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its holdings in shares of Geospace Technologies by 40.7% in the third quarter. BNP Paribas Financial Markets now owns 3,016 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 872 shares in the last quarter. State Street Corp boosted 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 buying an additional 18,469 shares during the last quarter. Barclays PLC increased its stake in shares of Geospace Technologies by 278.2% in the 3rd quarter. Barclays PLC now owns 16,622 shares of the oil and gas company’s stock valued at $172,000 after buying an additional 12,227 shares during the period. Empowered Funds LLC increased its stake in shares of Geospace Technologies by 4.9% in the 4th quarter. Empowered Funds LLC now owns 48,238 shares of the oil and gas company’s stock valued at $483,000 after buying an additional 2,236 shares during the period. Finally, Peapod Lane Capital LLC bought a new stake in shares of Geospace Technologies during the fourth quarter worth $2,542,000. 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.