Geospace Technologies (NASDAQ:GEOS – Get Free Report) announced its quarterly earnings data on Wednesday. The oil and gas company reported $0.65 earnings per share 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
NASDAQ:GEOS traded down $0.50 during trading hours on Wednesday, hitting $8.94. 88,992 shares of the company’s stock traded hands, compared to its average volume of 45,453. The stock’s fifty day moving average price is $10.02 and its two-hundred day moving average price is $10.33. The firm has a market cap of $114.61 million, a P/E ratio of -16.56 and a beta of 0.57. Geospace Technologies has a twelve month low of $8.09 and a twelve month high of $17.09.
Analysts Set New Price Targets
Separately, StockNews.com raised Geospace Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th.
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.
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