Geospace Technologies Corp. (GEOS) Shares Up 6%
Shares of Geospace Technologies Corp. (NASDAQ:GEOS) shot up 6% on Friday . The stock traded as high as $17.04 and last traded at $16.89, with a volume of 64,421 shares trading hands. The stock had previously closed at $15.94.
The firm’s 50 day moving average is $16.48 and its 200-day moving average is $14.34. The stock’s market cap is $224.35 million.
Geospace Technologies Corp. (NASDAQ:GEOS) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.89) EPS for the quarter, missing analysts’ consensus estimates of ($0.57) by $0.32. During the same quarter last year, the business earned ($0.66) EPS. The business earned $17.70 million during the quarter, compared to the consensus estimate of $15.05 million. The firm’s quarterly revenue was down 10.2% compared to the same quarter last year. Analysts forecast that Geospace Technologies Corp. will post ($2.57) earnings per share for the current year.
A hedge fund recently raised its stake in Geospace Technologies Corp. stock. Eagle Asset Management boosted its position in Geospace Technologies Corp. (NASDAQ:GEOS) by 19.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,857,818 shares of the company’s stock after buying an additional 298,120 shares during the period. Eagle Asset Management owned approximately 14.13% of Geospace Technologies Corp. worth $25,656,000 at the end of the most recent reporting period.
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 in two segments: Seismic and Non-Seismic. Its seismic product lines consist of land and marine nodal data acquisition systems, permanent land and seabed reservoir monitoring products and services, geophones and geophone strings, hydrophones, leader wire, connectors, telemetry cables, marine streamer retrieval and steering devices, and various other products.
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