Moors & Cabot Inc. Sells 138,800 Shares of Geospace Technologies Corporation $GEOS

Moors & Cabot Inc. lessened its stake in shares of Geospace Technologies Corporation (NASDAQ:GEOS) by 19.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 575,950 shares of the oil and gas company’s stock after selling 138,800 shares during the period. Moors & Cabot Inc.’s holdings in Geospace Technologies were worth $9,739,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. raised its stake in Geospace Technologies by 14,530.0% during the third quarter. SBI Securities Co. Ltd. now owns 1,463 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 1,453 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Geospace Technologies during the second quarter worth approximately $51,000. BNP Paribas Financial Markets increased its holdings 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 buying an additional 3,005 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Geospace Technologies by 68.4% in the 2nd quarter. Bank of America Corp DE now owns 13,043 shares of the oil and gas company’s stock worth $186,000 after acquiring an additional 5,299 shares in the last quarter. Finally, FourThought Financial Partners LLC acquired a new position in Geospace Technologies in the fourth quarter worth $276,000. 57.15% of the stock is currently owned by institutional investors.

Geospace Technologies Trading Up 1.8%

Geospace Technologies stock opened at $8.69 on Friday. The company has a market cap of $112.45 million, a PE ratio of -3.83 and a beta of 0.20. Geospace Technologies Corporation has a 1 year low of $5.51 and a 1 year high of $29.89. The company’s 50-day moving average is $9.80 and its two-hundred day moving average is $13.52.

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GEOS. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Geospace Technologies in a report on Friday, March 27th. Wall Street Zen raised shares of Geospace Technologies from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Geospace Technologies has a consensus rating of “Sell”.

Geospace Technologies 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.