2 weeks Ago By ABMN Staff
Geospace Technologies ( NASDAQ:GEOS – Get Free Report ) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Thursday. Geospace Technologies Price Performance Geospace Technologies stock opened at $10.
32 on Thursday. Geospace Technologies has a fifty-two week low of $8.09 and a fifty-two week high of $17.
09. The firm’s 50 day simple moving average is $9.27 and its 200-day simple moving average is $10.
93. The company has a market cap of $137.90 million, a P/E ratio of 8.
67 and a beta of 0.67. Institutional Trading of Geospace Technologies Hedge funds have recently modified their holdings of the business.
G2 Investment Partners Management LLC purchased a new position in shares of Geospace Technologies during the fourth quarter valued at $5,297,000. Gate City Capital Management LLC purchased a new position in Geospace Technologies during the 4th quarter valued at about $4,270,000. Hillsdale Investment Management Inc.
increased its holdings in shares of Geospace Technologies by 1,067.2% in the 4th quarter. Hillsdale Investment Management Inc.
now owns 162,242 shares of the oil and gas company’s stock valued at $2,103,000 after purchasing an additional 148,342 shares during the period. Grace & White Inc. NY lifted its position in shares of Geospace Technologies by 215.
6% in the second quarter. Grace & White Inc. NY now owns 187,344 shares of the oil and gas company’s stock worth $1,682,000 after purchasing an additional 127,974 shares in the last quarter.
Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Geospace Technologies during the first quarter worth approximately $728,000.
Hedge funds and other institutional investors own 57.15% of the company’s stock. Geospace Technologies Company Profile 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 through three segments: Oil and Gas Markets, Adjacent Markets, and Emerging Markets. Read More Receive News & Ratings for Geospace Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Geospace Technologies and related companies with MarketBeat.com's FREE daily email newsletter .
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