Geospace Technologies Corp. (GEOS) Stock Price Down 4.2%
Geospace Technologies Corp. (NASDAQ:GEOS) dropped 4.2% during trading on Monday . The company traded as low as $15.36 and last traded at $15.52, with a volume of 55,665 shares. The stock had previously closed at $16.20.
The company has a 50 day moving average price of $17.12 and a 200-day moving average price of $14.05. The company’s market cap is $206.32 million.
Geospace Technologies Corp. (NASDAQ:GEOS) last posted its quarterly earnings results on Thursday, May 5th. The company reported ($0.84) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.67) by $0.17. The business earned $14.90 million during the quarter, compared to the consensus estimate of $21.70 million. Geospace Technologies Corp.’s quarterly revenue was down 46.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.40) EPS. Equities analysts anticipate that Geospace Technologies Corp. will post ($2.60) EPS for the current year.
A number of hedge funds have bought and sold shares of the stock. Eagle Asset Management boosted its stake in Geospace Technologies Corp. by 19.1% in the third quarter. Eagle Asset Management now owns 1,857,818 shares of the company’s stock worth $25,656,000 after buying an additional 298,120 shares in the last quarter. Amica Mutual Insurance Co. boosted its stake in Geospace Technologies Corp. by 18.9% in the fourth quarter. Amica Mutual Insurance Co. now owns 217,010 shares of the company’s stock worth $3,053,000 after buying an additional 34,505 shares in the last quarter. Amica Pension Fund Board of Trustees boosted its stake in Geospace Technologies Corp. by 20.8% in the fourth quarter. Amica Pension Fund Board of Trustees now owns 136,280 shares of the company’s stock worth $1,917,000 after buying an additional 23,438 shares in the last quarter. Finally, Schroder Investment Management Group acquired a new stake in Geospace Technologies Corp. during the fourth quarter worth $1,592,000.
Geospace Technologies Corporation (GEOS) designs and manufactures instruments and equipment used in the acquisition and processing of seismic data, as well as in the characterization and monitoring of producing oil and gas reservoirs. The Company also designs, manufactures and distributes non-seismic equipment including thermal imaging equipment and industrial products.