Wall Street Zen Downgrades Geospace Technologies (NASDAQ:GEOS) to Strong Sell

Geospace Technologies (NASDAQ:GEOS) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “strong sell” rating in a research note issued on Saturday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Geospace Technologies in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Geospace Technologies Stock Performance

NASDAQ:GEOS opened at $9.69 on Friday. The firm’s fifty day moving average is $16.97 and its two-hundred day moving average is $18.75. The firm has a market cap of $124.90 million, a price-to-earnings ratio of -4.44 and a beta of 0.46. Geospace Technologies has a one year low of $5.51 and a one year high of $29.89.

Geospace Technologies (NASDAQ:GEOS) last released its quarterly earnings data on Wednesday, February 4th. The oil and gas company reported ($0.76) earnings per share for the quarter. Geospace Technologies had a negative net margin of 28.10% and a negative return on equity of 21.91%. The company had revenue of $25.59 million for the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp increased its holdings in Geospace Technologies by 118.3% in the 4th quarter. State Street Corp now owns 125,936 shares of the oil and gas company’s stock worth $2,130,000 after acquiring an additional 68,247 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Geospace Technologies during the third quarter worth about $1,014,000. Brooklyn Investment Group purchased a new stake in shares of Geospace Technologies during the fourth quarter worth about $762,000. Goldman Sachs Group Inc. raised its position in shares of Geospace Technologies by 229.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 60,136 shares of the oil and gas company’s stock worth $1,017,000 after purchasing an additional 41,865 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in Geospace Technologies by 8.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 509,364 shares of the oil and gas company’s stock valued at $7,264,000 after buying an additional 41,477 shares in the last quarter. Hedge funds and other institutional investors own 57.15% of the company’s stock.

Geospace Technologies Company Profile

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.