Geospatial Technologies (NASDAQ:GEOS) Updated at StockNews.com

Geospatial Technologies (NASDAQ:GEOS – Get a Free Report) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report on Monday.

Geospatial Technology Stock Performance

NASDAQ:GEOS remained flat at $$10.34 during trading hours on Monday. 33,934 shares of the company traded hands, compared to its average volume of 89,836. The firm has a 50-day moving average price of $9.63 and a 200-day moving average price of $10.59. The stock has a market cap of $138.16 million, a P/E ratio of 8.69 and a beta of 0.63. Geospace Technologies has a 1 year low of $8.09 and a 1 year high of $17.09.

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

Hedge funds influence geospatial technologies

Several institutional investors have recently modified their holdings of the business. Trexquant Investment LP purchased a new stake in Geospace Technologies during the fourth quarter valued at approximately $153,000. WINTON GROUP Ltd purchased a new stake in shares of Geospace Technologies in the second quarter valued at $113,000. Quadrature Capital Ltd bought a new stake in Geospace Technologies in the 4th quarter valued at $168,000. LSV Asset Management acquired a new position in Geospace Technologies in the first quarter worth $191,000. Finally, Rhumbline Advisers boosted its holdings in Geospace Technologies by 2,370.7% in the second quarter. Rhumbline Advisers now owns 14,824 shares of the oil and gas company’s stock worth $133,000 after buying an additional 14,224 shares during the last quarter. Institutional investors own 57.15% of the company’s shares.

Geospace Technologies Company Profile

(Get a free report)

Geospace Technologies Corporation designs and manufactures instruments and equipment used in the oil and gas industry to acquire seismic data to locate, characterize and monitor hydrocarbon-producing reservoirs. The company operates through three segments: Oil and Gas Markets, Adjacent Markets and Emerging Markets.

See Also

Get daily news and reviews for Geospace Technologies – 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.