StockNews.com Downgrades Geospace Technologies (NASDAQ:GEOS) to Sell

Geospace Technologies (NASDAQ:GEOS) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Monday.

Geospace Technologies Stock Down 5.1 %

Shares of GEOS opened at $6.01 on Monday. The firm has a 50-day moving average price of $7.90 and a 200 day moving average price of $9.75. The firm has a market capitalization of $76.79 million, a PE ratio of -7.24 and a beta of 0.20. Geospace Technologies has a 52-week low of $5.93 and a 52-week high of $14.15.

Geospace Technologies (NASDAQ:GEOS) last announced its earnings results on Wednesday, February 5th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Geospace Technologies had a positive return on equity of 4.61% and a negative net margin of 8.86%.

Institutional Investors Weigh In On Geospace Technologies

Several large investors have recently modified their holdings of GEOS. Bank of America Corp DE raised its stake in shares of Geospace Technologies by 45.0% in the fourth quarter. Bank of America Corp DE now owns 12,191 shares of the oil and gas company’s stock worth $122,000 after acquiring an additional 3,782 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Geospace Technologies by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 649,933 shares of the oil and gas company’s stock worth $6,512,000 after acquiring an additional 22,584 shares during the last quarter. Mariner LLC acquired a new position in shares of Geospace Technologies during the fourth quarter valued at $127,000. Barclays PLC boosted its holdings in Geospace Technologies by 10.2% in the fourth quarter. Barclays PLC now owns 18,318 shares of the oil and gas company’s stock valued at $184,000 after acquiring an additional 1,696 shares during the last quarter. Finally, LSV Asset Management raised its holdings in Geospace Technologies by 24.4% during the 4th quarter. LSV Asset Management now owns 18,043 shares of the oil and gas company’s stock worth $181,000 after purchasing an additional 3,543 shares during the last quarter. 57.15% of the stock is currently owned by institutional investors.

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.