Geospace Technologies Corp. (GEOS) Stock Price Up 4.5%
Geospace Technologies Corp. (NASDAQ:GEOS) rose 4.5% on Friday . The stock traded as high as $18.27 and last traded at $18.20, with a volume of 60,758 shares changing hands. The stock had previously closed at $17.41.
The company’s market cap is $242.57 million. The firm’s 50 day moving average is $17.01 and its 200-day moving average is $15.45.
Geospace Technologies Corp. (NASDAQ:GEOS) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.89) earnings per share for the quarter, missing the Thomson Reuters’ 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 period last year, the firm earned ($0.66) EPS. Geospace Technologies Corp.’s quarterly revenue was down 10.2% compared to the same quarter last year. Equities research analysts predict 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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