Geospace Technologies (NASDAQ:GEOS) Given Sell (D+) Rating at Weiss Ratings

Geospace Technologies (NASDAQ:GEOS)‘s stock had its “sell (d+)” rating restated by equities research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised Geospace Technologies from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Geospace Technologies Price Performance

Shares of Geospace Technologies stock opened at $23.06 on Wednesday. The business has a 50 day simple moving average of $18.32 and a two-hundred day simple moving average of $11.98. Geospace Technologies has a 12 month low of $5.51 and a 12 month high of $23.20. The stock has a market capitalization of $295.63 million, a P/E ratio of -21.75 and a beta of 0.66.

Geospace Technologies (NASDAQ:GEOS) last announced its earnings results on Thursday, August 7th. The oil and gas company reported $0.06 EPS for the quarter. Geospace Technologies had a positive return on equity of 2.77% and a negative net margin of 11.70%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Bridgeway Capital Management LLC raised its holdings in shares of Geospace Technologies by 3.8% in the 2nd quarter. Bridgeway Capital Management LLC now owns 131,478 shares of the oil and gas company’s stock valued at $1,875,000 after buying an additional 4,855 shares during the period. Brevan Howard Capital Management LP acquired a new position in Geospace Technologies during the 2nd quarter worth about $306,000. Bank of America Corp DE lifted its stake in Geospace Technologies by 68.4% during the 2nd quarter. Bank of America Corp DE now owns 13,043 shares of the oil and gas company’s stock worth $186,000 after acquiring an additional 5,299 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Geospace Technologies during the 2nd quarter worth about $51,000. Finally, Glenorchy Capital Ltd lifted its stake in Geospace Technologies by 1.0% during the 2nd quarter. Glenorchy Capital Ltd now owns 193,884 shares of the oil and gas company’s stock worth $2,765,000 after acquiring an additional 1,946 shares in the last quarter. 57.15% of the stock is currently owned by hedge funds and other institutional investors.

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.