Geospace Technologies Corp. (GEOS) Stock Price Up 5.2%
Shares of Geospace Technologies Corp. (NASDAQ:GEOS) rose 5.2% on Monday . The company traded as high as $18.60 and last traded at $18.40, with a volume of 77,816 shares changing hands. The stock had previously closed at $17.49.
The firm’s 50 day moving average price is $16.45 and its 200-day moving average price is $14.63. The company’s market capitalization is $242.57 million.
Geospace Technologies Corp. (NASDAQ:GEOS) last posted its earnings results on Thursday, August 4th. The company reported ($0.89) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.57) by $0.32. The firm earned $17.70 million during the quarter, compared to the consensus estimate of $15.05 million. During the same quarter in the previous year, the company earned ($0.66) EPS. The firm’s quarterly revenue was down 10.2% on a year-over-year basis. Analysts anticipate that Geospace Technologies Corp. will post ($2.57) earnings per share for the current year.
A hedge fund recently bought a new stake in Geospace Technologies Corp. stock. Schroder Investment Management Group purchased a new position in shares of Geospace Technologies Corp. (NASDAQ:GEOS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 113,111 shares of the company’s stock, valued at approximately $1,592,000. Schroder Investment Management Group owned 0.85% of Geospace Technologies Corp. as of its most recent SEC filing.
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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