Geospace Technologies Corp. (GEOS) Stock Price Up 5.9%
Geospace Technologies Corp. (NASDAQ:GEOS) rose 5.9% during mid-day trading on Tuesday . The company traded as high as $17.84 and last traded at $17.70, with a volume of 54,653 shares trading hands. The stock had previously closed at $16.72.
Separately, Zacks Investment Research upgraded Geospace Technologies Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, March 15th.
The firm’s market cap is $235.64 million. The company’s 50-day moving average price is $17.41 and its 200-day moving average price is $13.85.
Geospace Technologies Corp. (NASDAQ:GEOS) last posted its quarterly earnings data on Thursday, May 5th. The company reported ($0.84) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.67) by $0.17. During the same quarter last year, the firm posted ($0.40) EPS. The company earned $14.90 million during the quarter, compared to the consensus estimate of $21.70 million. The company’s revenue was down 46.6% compared to the same quarter last year. Equities analysts forecast that Geospace Technologies Corp. will post ($2.60) EPS for the current year.
A number of large investors have recently bought and sold shares of GEOS. Eagle Asset Management boosted its stake in Geospace Technologies Corp. by 19.1% in the third quarter. Eagle Asset Management now owns 1,857,818 shares of the company’s stock valued at $25,656,000 after buying an additional 298,120 shares during the last quarter. Cooke & Bieler LP raised its position in Geospace Technologies Corp. by 93.0% in the fourth quarter. Cooke & Bieler LP now owns 333,936 shares of the company’s stock worth $4,698,000 after buying an additional 160,916 shares during the period. Amica Mutual Insurance Co. raised its position in Geospace Technologies Corp. by 18.9% in the fourth quarter. Amica Mutual Insurance Co. now owns 217,010 shares of the company’s stock worth $3,053,000 after buying an additional 34,505 shares during the period. Amica Pension Fund Board of Trustees raised its position in Geospace Technologies Corp. by 20.8% in the fourth quarter. Amica Pension Fund Board of Trustees now owns 136,280 shares of the company’s stock worth $1,917,000 after buying an additional 23,438 shares during the period. Finally, Principal Financial Group Inc. raised its position in Geospace Technologies Corp. by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 86,540 shares of the company’s stock worth $1,218,000 after buying an additional 3,810 shares during the period.
Geospace Technologies Corporation (GEOS) designs and manufactures instruments and equipment used in the acquisition and processing of seismic data, as well as in the characterization and monitoring of producing oil and gas reservoirs. The Company also designs, manufactures and distributes non-seismic equipment including thermal imaging equipment and industrial products.
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