Geospace Technologies Corp. (GEOS) Shares Down 5.4%
Shares of Geospace Technologies Corp. (NASDAQ:GEOS) traded down 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. The stock had previously closed at $18.20.
The firm has a 50 day moving average price of $16.57 and a 200 day moving average price of $14.82. The stock’s market capitalization is $226.04 million.
Geospace Technologies Corp. (NASDAQ:GEOS) last posted its earnings results on Thursday, August 4th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.57) by $0.32. The company earned $17.70 million during the quarter, compared to analyst estimates of $15.05 million. During the same period last year, the firm posted ($0.66) earnings per share. The business’s quarterly revenue was down 10.2% compared to the same quarter last year. On average, equities analysts anticipate that Geospace Technologies Corp. will post ($2.57) EPS for the current fiscal year.
A hedge fund recently bought a new stake in Geospace Technologies Corp. stock. Schroder Investment Management Group bought a new position in Geospace Technologies Corp. (NASDAQ:GEOS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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. 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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