Geospace Technologies Corp. (GEOS) Trading Up 6%
Geospace Technologies Corp. (NASDAQ:GEOS) shares were up 6% during trading on Friday . The stock traded as high as $17.04 and last traded at $16.89, with a volume of 64,421 shares. The stock had previously closed at $15.94.
The firm’s market capitalization is $229.11 million. The company has a 50-day moving average of $16.48 and a 200 day moving average of $14.34.
Geospace Technologies Corp. (NASDAQ:GEOS) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.57) by $0.32. The business earned $17.70 million during the quarter, compared to analyst estimates of $15.05 million. The business’s quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.66) EPS. Analysts anticipate that Geospace Technologies Corp. will post ($2.57) earnings per share for the current fiscal year.
An institutional investor recently bought a new position in Geospace Technologies Corp. stock. Schroder Investment Management Group purchased a new stake 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 purchased 113,111 shares of the company’s stock, valued at approximately $1,592,000. Schroder Investment Management Group owned approximately 0.85% of Geospace Technologies Corp. at the end of the most recent quarter.
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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