Geospace Technologies (NASDAQ:GEOS) Stock Passes Below 200-Day Moving Average – Should You Sell?

Shares of Geospace Technologies Corporation (NASDAQ:GEOS) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.77 and traded as low as $6.89. Geospace Technologies shares last traded at $7.12, with a volume of 50,036 shares changing hands.

Wall Street Analyst Weigh In

GEOS has been the topic of a number of recent research reports. Weiss Ratings raised Geospace Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 16th. Wall Street Zen upgraded Geospace Technologies from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Geospace Technologies has an average rating of “Sell”.

Geospace Technologies Price Performance

The stock’s 50 day moving average is $7.43 and its two-hundred day moving average is $10.77. The stock has a market capitalization of $92.13 million, a PE ratio of -3.14 and a beta of 0.20.

Geospace Technologies (NASDAQ:GEOS) last issued its quarterly earnings results on Thursday, May 7th. The oil and gas company reported ($0.86) earnings per share (EPS) for the quarter. Geospace Technologies had a negative return on equity of 24.22% and a negative net margin of 28.86%.The firm had revenue of $19.74 million during the quarter.

Institutional Investors Weigh In On Geospace Technologies

Institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets grew its stake in shares of Geospace Technologies by 670.8% during the third quarter. BNP Paribas Financial Markets now owns 3,453 shares of the oil and gas company’s stock worth $65,000 after purchasing an additional 3,005 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Geospace Technologies in the second quarter valued at $51,000. Kestra Advisory Services LLC acquired a new stake in Geospace Technologies in the fourth quarter valued at $67,000. Charles Schwab Investment Management Inc. purchased a new stake in Geospace Technologies during the 4th quarter worth about $176,000. Finally, Balyasny Asset Management L.P. purchased a new stake in Geospace Technologies during the 4th quarter worth about $178,000. 57.15% of the stock is owned by hedge funds and other institutional investors.

About Geospace Technologies

Geospace Technologies Corporation specializes in the design, manufacturing and marketing of geophysical instrumentation for seismic data acquisition. The company’s solutions address the needs of oil and gas exploration and production companies by enabling detailed subsurface imaging through advanced sensor and acquisition systems. Geospace serves both land and marine seismic markets, offering equipment that meets the rigorous demands of contemporary seismic surveys.

In its Land Products segment, Geospace Technologies offers a range of components including geophones, accelerometers, cable and recorder accessories designed to collect high-quality seismic signals in onshore environments.