Geospace Technologies Corp. (GEOS) Trading 4.3% Higher
Geospace Technologies Corp. (NASDAQ:GEOS) traded up 4.3% during mid-day trading on Tuesday . The company traded as high as $18.44 and last traded at $18.34, with a volume of 82,794 shares trading hands. The stock had previously closed at $17.59.
The company’s 50-day moving average price is $16.64 and its 200-day moving average price is $15.03. The firm’s market cap is $242.70 million.
Geospace Technologies Corp. (NASDAQ:GEOS) last posted its earnings results on Thursday, August 4th. The company reported ($0.89) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.57) by $0.32. The firm earned $17.70 million during the quarter, compared to analysts’ expectations of $15.05 million. The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.66) EPS. Equities analysts forecast that Geospace Technologies Corp. will post ($2.41) EPS 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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