Geospace Technologies (NASDAQ:GEOS) Cut to Strong Sell at Wall Street Zen

Wall Street Zen cut shares of Geospace Technologies (NASDAQ:GEOS) from a hold rating to a strong sell rating in a research report sent to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Geospace Technologies in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Geospace Technologies has an average rating of “Sell”.

Geospace Technologies Price Performance

Shares of Geospace Technologies stock opened at $9.69 on Friday. Geospace Technologies has a 52-week low of $5.51 and a 52-week high of $29.89. The firm has a market capitalization of $124.90 million, a PE ratio of -4.44 and a beta of 0.46. The company’s fifty day moving average price is $16.85 and its two-hundred day moving average price is $18.70.

Geospace Technologies (NASDAQ:GEOS) last issued its earnings results on Wednesday, February 4th. The oil and gas company reported ($0.76) earnings per share for the quarter. The business had revenue of $25.59 million for the quarter. Geospace Technologies had a negative net margin of 28.10% and a negative return on equity of 21.91%.

Institutional Trading of Geospace Technologies

Hedge funds have recently modified their holdings of the company. Empowered Funds LLC boosted its holdings in shares of Geospace Technologies by 8.2% in the 1st quarter. Empowered Funds LLC now owns 52,207 shares of the oil and gas company’s stock worth $376,000 after acquiring an additional 3,969 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Geospace Technologies in the second quarter worth $288,000. First Eagle Investment Management LLC grew its holdings in shares of Geospace Technologies by 8.9% during the second quarter. First Eagle Investment Management LLC now owns 509,364 shares of the oil and gas company’s stock worth $7,264,000 after purchasing an additional 41,477 shares during the last quarter. Glenorchy Capital Ltd grew its holdings in shares of Geospace Technologies by 1.0% during the second quarter. Glenorchy Capital Ltd now owns 193,884 shares of the oil and gas company’s stock worth $2,765,000 after purchasing an additional 1,946 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Geospace Technologies in the second quarter valued at $51,000. Institutional investors and hedge funds own 57.15% of the company’s stock.

About Geospace Technologies

Geospace Technologies Corporation specializes in the design, manufacturing and marketing of geophysical instrumentation for seismic data acquisition. The company’s solutions address the needs of oil and gas exploration and production companies by enabling detailed subsurface imaging through advanced sensor and acquisition systems. Geospace serves both land and marine seismic markets, offering equipment that meets the rigorous demands of contemporary seismic surveys.

In its Land Products segment, Geospace Technologies offers a range of components including geophones, accelerometers, cable and recorder accessories designed to collect high-quality seismic signals in onshore environments.