Geospace Technologies Corp. (GEOS) Trading Down 5.4%
Geospace Technologies Corp. (NASDAQ:GEOS) fell 5.4% on Tuesday . The company traded as low as $17.03 and last traded at $17.22, with a volume of 63,858 shares trading hands. The stock had previously closed at $18.20.
The firm’s 50 day moving average price is $16.49 and its 200-day moving average price is $14.76. The firm’s market cap is $229.24 million.
Geospace Technologies Corp. (NASDAQ:GEOS) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.89) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.57) by $0.32. The firm had revenue of $17.70 million for the quarter, compared to analyst estimates of $15.05 million. During the same period in the prior year, the company earned ($0.66) earnings per share. The business’s revenue was down 10.2% compared to the same quarter last year. Equities analysts forecast that Geospace Technologies Corp. will post ($2.57) EPS for the current year.
A hedge fund recently bought a new stake in Geospace Technologies Corp. stock. Schroder Investment Management Group acquired a new position in shares of Geospace Technologies Corp. (NASDAQ:GEOS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 113,111 shares of the company’s stock, valued at approximately $1,592,000. Schroder Investment Management Group owned approximately 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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