Dawson Geophysical (NASDAQ:DWSN) Shares Pass Above Two Hundred Day Moving Average of $1.64

Dawson Geophysical Co (NASDAQ:DWSN)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.64 and traded as high as $1.91. Dawson Geophysical shares last traded at $1.80, with a volume of 107,225 shares traded.

The stock’s 50-day moving average price is $1.60 and its 200 day moving average price is $1.64. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.33 and a current ratio of 3.33.

Dawson Geophysical (NASDAQ:DWSN) last issued its earnings results on Thursday, July 30th. The oil and gas company reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.29) by $0.35. The business had revenue of $29.50 million for the quarter. Dawson Geophysical had a negative net margin of 0.96% and a negative return on equity of 1.27%.

Large investors have recently modified their holdings of the company. Renaissance Technologies LLC increased its position in shares of Dawson Geophysical by 1.9% during the fourth quarter. Renaissance Technologies LLC now owns 1,755,263 shares of the oil and gas company’s stock worth $4,213,000 after acquiring an additional 32,489 shares during the period. US Bancorp DE increased its holdings in Dawson Geophysical by 21.5% during the first quarter. US Bancorp DE now owns 196,747 shares of the oil and gas company’s stock valued at $191,000 after buying an additional 34,849 shares during the period. Finally, Grace & White Inc. NY increased its holdings in Dawson Geophysical by 5.6% during the first quarter. Grace & White Inc. NY now owns 1,395,192 shares of the oil and gas company’s stock valued at $1,356,000 after buying an additional 74,179 shares during the period. 52.89% of the stock is currently owned by institutional investors and hedge funds.

Dawson Geophysical Company Profile (NASDAQ:DWSN)

Dawson Geophysical Company provides onshore seismic data acquisition services in the United States and Canada. The company acquires and processes 2-D, 3-D, and multi-component seismic data for its clients, including oil and gas companies, and independent oil and gas operators, as well as providers of multi-client data libraries.

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