Geospace Technologies (NASDAQ:GEOS – Get Free Report) released its earnings results on Wednesday. The oil and gas company reported $0.65 EPS for the quarter, Zacks reports. Geospace Technologies had a positive return on equity of 7.65% and a negative net margin of 4.85%.
Geospace Technologies Stock Performance
Shares of GEOS traded down $0.51 on Wednesday, hitting $8.94. 88,822 shares of the stock traded hands, compared to its average volume of 44,504. Geospace Technologies has a one year low of $8.09 and a one year high of $17.09. The company has a market capitalization of $114.61 million, a PE ratio of -16.56 and a beta of 0.57. The business has a 50 day simple moving average of $10.02 and a 200 day simple moving average of $10.33.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Geospace Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th.
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.
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