Geospace Technologies Co. (NASDAQ:GEOS – Get Free Report) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 520,100 shares, a drop of 6.0% from the August 31st total of 553,100 shares. Approximately 4.4% of the shares of the company are sold short. Based on an average trading volume of 81,800 shares, the short-interest ratio is currently 6.4 days.
Geospace Technologies Trading Up 4.4 %
Shares of GEOS stock opened at $10.34 on Monday. The stock has a 50 day simple moving average of $9.63 and a 200-day simple moving average of $10.60. The company has a market cap of $133.49 million, a price-to-earnings ratio of 8.69 and a beta of 0.63. Geospace Technologies has a 12-month low of $8.09 and a 12-month 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 (EPS) for the quarter. The business had revenue of $25.86 million during the quarter. Geospace Technologies had a return on equity of 7.68% and a net margin of 8.28%.
Institutional Trading of Geospace Technologies
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut shares of Geospace Technologies from a “hold” rating to a “sell” rating in a report on Saturday, September 7th.
Check Out Our Latest Analysis on GEOS
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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