Geospace Technologies (NASDAQ:GEOS) Upgraded at StockNews.com

Geospace Technologies (NASDAQ:GEOS) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report released on Monday.

Geospace Technologies Stock Performance

NASDAQ:GEOS remained flat at $10.34 during trading hours on Monday. 33,934 shares of the company’s stock traded hands, compared to its average volume of 89,836. The firm has a 50 day moving average price of $9.63 and a 200 day moving average price of $10.59. The stock has a market cap of $138.16 million, a P/E ratio of 8.69 and a beta of 0.63. Geospace Technologies has a 1 year low of $8.09 and a 1 year high of $17.09.

Geospace Technologies (NASDAQ:GEOS) last released its quarterly earnings data on Thursday, August 8th. The oil and gas company reported ($0.16) EPS for the quarter. The firm had revenue of $25.86 million during the quarter. Geospace Technologies had a net margin of 8.28% and a return on equity of 7.68%.

Hedge Funds Weigh In On Geospace Technologies

Several institutional investors have recently modified their holdings of the business. Trexquant Investment LP acquired a new stake in Geospace Technologies during the 4th quarter worth approximately $153,000. WINTON GROUP Ltd acquired a new stake in shares of Geospace Technologies during the second quarter worth $113,000. Quadrature Capital Ltd bought a new stake in Geospace Technologies in the 4th quarter valued at $168,000. LSV Asset Management acquired a new position in Geospace Technologies in the 1st quarter worth $191,000. Finally, Rhumbline Advisers increased its holdings in Geospace Technologies by 2,370.7% during the 2nd quarter. Rhumbline Advisers now owns 14,824 shares of the oil and gas company’s stock worth $133,000 after purchasing an additional 14,224 shares in the last quarter. Institutional investors own 57.15% of the company’s stock.

Geospace Technologies Company Profile

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.