Geospace Technologies Corp. (GEOS) Trading 5.9% Higher
Geospace Technologies Corp. (NASDAQ:GEOS) traded up 5.9% on Tuesday . The stock traded as high as $17.84 and last traded at $17.70, with a volume of 54,653 shares. The stock had previously closed at $16.72.
The company has a 50 day moving average price of $17.42 and a 200-day moving average price of $13.90. The company’s market cap is $213.91 million.
Geospace Technologies Corp. (NASDAQ:GEOS) last announced its earnings results on Thursday, May 5th. The company reported ($0.84) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.67) by $0.17. The firm earned $14.90 million during the quarter, compared to analysts’ expectations of $21.70 million. The business’s revenue for the quarter was down 46.6% on a year-over-year basis. During the same period last year, the business posted ($0.40) EPS. Equities analysts anticipate that Geospace Technologies Corp. will post ($2.60) EPS for the current year.
Other institutional investors recently made changes to their positions in the company. Schroder Investment Management Group bought a new position in shares of Geospace Technologies Corp. during the fourth quarter worth approximately $1,592,000. Amica Pension Fund Board of Trustees boosted its position in shares of 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. Amica Mutual Insurance Co. boosted its position in shares of 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. Cooke & Bieler LP boosted its position in shares of 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. Finally, 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 worth $25,656,000 after buying an additional 298,120 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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