Geospace Technologies Corp. (GEOS) Shares Up 5.2%
Geospace Technologies Corp. (NASDAQ:GEOS) shares shot up 5.2% during trading on Monday . The stock traded as high as $18.60 and last traded at $18.40, with a volume of 77,816 shares. The stock had previously closed at $17.49.
The company has a 50-day moving average of $16.54 and a 200-day moving average of $14.81. The company’s market capitalization is $229.24 million.
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 analysts’ consensus estimates of ($0.57) by $0.32. The business earned $17.70 million during the quarter, compared to the consensus estimate of $15.05 million. During the same quarter in the previous year, the company posted ($0.66) earnings per share. The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. Equities analysts anticipate that Geospace Technologies Corp. will post ($2.57) earnings per share for the current fiscal year.
A hedge fund recently bought a new stake in Geospace Technologies Corp. stock. Schroder Investment Management Group purchased a new position in Geospace Technologies Corp. (NASDAQ:GEOS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 113,111 shares of the company’s stock, valued at approximately $1,592,000. Schroder Investment Management Group owned about 0.85% of Geospace Technologies Corp. at the end of the most recent reporting period.
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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