Geospace Technologies Corp. (GEOS) Stock Price Up 4.3%
Geospace Technologies Corp. (NASDAQ:GEOS) shares rose 4.3% during trading on Tuesday . The company traded as high as $18.44 and last traded at $18.34, with a volume of 82,794 shares. The stock had previously closed at $17.59.
The firm’s market cap is $240.17 million. The company has a 50-day moving average price of $16.73 and a 200-day moving average price of $15.11.
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 period in the previous year, the business posted ($0.66) EPS. The business earned $17.70 million during the quarter, compared to the consensus estimate of $15.05 million. The business’s revenue was down 10.2% compared to the same quarter last year. Equities analysts anticipate that Geospace Technologies Corp. will post ($2.41) earnings per share for the current year.
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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