Geospace Technologies (NASDAQ:GEOS) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Geospace Technologies Co. (NASDAQ:GEOS)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.22 and traded as high as $13.58. Geospace Technologies shares last traded at $13.13, with a volume of 41,900 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Geospace Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, October 24th.

Geospace Technologies Trading Up 0.9 %

The stock has a market cap of $171.04 million, a price-to-earnings ratio of 16.77 and a beta of 0.62. The stock has a fifty day simple moving average of $10.72 and a 200-day simple moving average of $10.23.

Geospace Technologies (NASDAQ:GEOS) last posted its quarterly earnings data on Thursday, August 8th. The oil and gas company reported ($0.16) earnings per share (EPS) for the quarter. The company had revenue of $25.86 million for the quarter. Geospace Technologies had a return on equity of 7.68% and a net margin of 8.28%.

Hedge Funds Weigh In On Geospace Technologies

Hedge funds have recently modified their holdings of the stock. WINTON GROUP Ltd bought a new position in shares of Geospace Technologies in the second quarter valued at approximately $113,000. EagleClaw Capital Managment LLC acquired a new position in Geospace Technologies during the 3rd quarter worth about $114,000. Rhumbline Advisers grew its holdings in Geospace Technologies by 2,370.7% during the 2nd quarter. Rhumbline Advisers now owns 14,824 shares of the oil and gas company’s stock worth $133,000 after acquiring an additional 14,224 shares during the last quarter. LSV Asset Management acquired a new stake in Geospace Technologies in the 1st quarter valued at about $191,000. Finally, Avantax Advisory Services Inc. bought a new position in shares of Geospace Technologies in the first quarter worth about $215,000. 57.15% of the stock is owned by institutional investors and hedge funds.

About Geospace Technologies

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.