Geospace Technologies Corp. (GEOS) Shares Down 4.3%
Geospace Technologies Corp. (NASDAQ:GEOS) shares dropped 4.3% during trading on Tuesday . The stock traded as low as $17.91 and last traded at $18.04, with a volume of 60,258 shares changing hands. The stock had previously closed at $18.85.
The company’s market capitalization is $240.44 million. The company’s 50-day moving average is $16.96 and its 200-day moving average is $15.40.
Geospace Technologies Corp. (NASDAQ:GEOS) last issued its earnings results on Thursday, August 4th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.57) by $0.32. During the same period in the previous year, the business posted ($0.66) earnings per share. The company had revenue of $17.70 million for the quarter, compared to analysts’ expectations of $15.05 million. Geospace Technologies Corp.’s revenue was down 10.2% compared to the same quarter last year. On average, analysts forecast that Geospace Technologies Corp. will post ($2.41) earnings per share for the current fiscal 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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