Geospace Technologies Corporation (NASDAQ:GEOS) was upgraded by equities research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued on Thursday.

Separately, Zacks Investment Research upgraded Geospace Technologies Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, April 25th.

Geospace Technologies Corporation (NASDAQ GEOS) traded up 3.39% on Thursday, hitting $15.56. The stock had a trading volume of 38,081 shares. The firm’s market cap is $209.13 million. The company’s 50-day moving average price is $14.32 and its 200 day moving average price is $16.33. Geospace Technologies Corporation has a one year low of $13.08 and a one year high of $24.37.

Geospace Technologies Corporation (NASDAQ:GEOS) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($1.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by $0.71. The firm had revenue of $14.20 million for the quarter. Geospace Technologies Corporation had a negative return on equity of 21.28% and a negative net margin of 75.19%. Analysts expect that Geospace Technologies Corporation will post ($0.75) earnings per share for the current year.

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In other news, Director Richard F. Miles sold 3,000 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $15.68, for a total transaction of $47,040.00. Following the completion of the sale, the director now directly owns 2,000 shares in the company, valued at approximately $31,360. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard F. Miles sold 5,450 shares of the company’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $15.30, for a total value of $83,385.00. Following the sale, the director now owns 2,000 shares of the company’s stock, valued at $30,600. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,950 shares of company stock valued at $154,290. Insiders own 3.47% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Geospace Technologies Corporation during the fourth quarter valued at about $3,417,000. Eagle Asset Management Inc. increased its stake in shares of Geospace Technologies Corporation by 9.4% in the first quarter. Eagle Asset Management Inc. now owns 663,576 shares of the oil and gas company’s stock valued at $10,769,000 after buying an additional 56,962 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Geospace Technologies Corporation by 9.2% in the first quarter. Vanguard Group Inc. now owns 634,973 shares of the oil and gas company’s stock valued at $10,305,000 after buying an additional 53,427 shares in the last quarter. Airain ltd bought a new stake in shares of Geospace Technologies Corporation during the first quarter valued at about $501,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Geospace Technologies Corporation by 4.3% in the first quarter. Bank of New York Mellon Corp now owns 675,253 shares of the oil and gas company’s stock valued at $10,960,000 after buying an additional 27,690 shares in the last quarter. Hedge funds and other institutional investors own 82.16% of the company’s stock.

About Geospace Technologies Corporation

Geospace Technologies Corporation designs and manufactures instruments and equipment used by the oil and gas industry to acquire seismic data in order to locate, characterize and monitor hydrocarbon producing reservoirs. The Company also designs and manufactures non-seismic products, including industrial products, offshore cables and imaging equipment.

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