Geospace Technologies Corp. (NASDAQ:GEOS) shares dropped 3.5% on Wednesday . The stock traded as low as $16.95 and last traded at $17.06, with a volume of 77,787 shares. The stock had previously closed at $17.68.

The firm has a 50-day moving average of $17.42 and a 200-day moving average of $13.90. The firm’s market cap is $227.11 million.

Geospace Technologies Corp. (NASDAQ:GEOS) last announced its quarterly earnings results on Thursday, May 5th. The company reported ($0.84) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.67) by $0.17. The company had revenue of $14.90 million for the quarter, compared to analyst estimates of $21.70 million. During the same quarter last year, the firm posted ($0.40) earnings per share. The business’s quarterly revenue was down 46.6% compared to the same quarter last year. Equities research analysts predict that Geospace Technologies Corp. will post ($2.60) EPS for the current year.

A number of institutional investors have made changes to their positions in the stock. Eagle Asset Management boosted its position in shares of 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 boosted 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 valued at $4,698,000 after buying an additional 160,916 shares in the last quarter. Amica Mutual Insurance Co. boosted 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 valued at $3,053,000 after buying an additional 34,505 shares in the last quarter. Amica Pension Fund Board of Trustees boosted 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 valued at $1,917,000 after buying an additional 23,438 shares in the last quarter. Finally, Schroder Investment Management Group purchased a new position in Geospace Technologies Corp. during the fourth quarter valued at approximately $1,592,000.

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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