Geospace Technologies Corp. (GEOS) Stock Price Up 4.5%
Geospace Technologies Corp. (NASDAQ:GEOS) shot up 4.5% during trading on Friday . The company traded as high as $18.27 and last traded at $18.20, with a volume of 60,758 shares. The stock had previously closed at $17.41.
The stock’s market cap is $242.57 million. The company has a 50 day moving average price of $17.01 and a 200-day moving average price of $15.45.
Geospace Technologies Corp. (NASDAQ:GEOS) last issued its quarterly 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. During the same quarter last year, the firm earned ($0.66) EPS. The firm earned $17.70 million during the quarter, compared to analyst estimates of $15.05 million. The business’s revenue was down 10.2% on a year-over-year basis. On average, equities analysts forecast 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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