Geospace Technologies (NASDAQ:GEOS) Rating Increased to Strong-Buy at StockNews.com

Geospace Technologies (NASDAQ:GEOS) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday.

Geospace Technologies Stock Down 0.4 %

GEOS stock opened at $12.48 on Tuesday. The company has a market cap of $166.20 million, a price-to-earnings ratio of 6.71 and a beta of 0.78. The business has a fifty day simple moving average of $12.76 and a 200-day simple moving average of $12.87. Geospace Technologies has a 52 week low of $6.60 and a 52 week high of $17.09.

Geospace Technologies (NASDAQ:GEOS) last released its quarterly earnings data on Wednesday, February 7th. The oil and gas company reported $0.94 EPS for the quarter. The business had revenue of $50.03 million during the quarter. Geospace Technologies had a return on equity of 18.73% and a net margin of 17.42%.

Insider Transactions at Geospace Technologies

In other news, SVP Robbin B. Adams sold 2,078 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $12.29, for a total transaction of $25,538.62. Following the completion of the sale, the senior vice president now directly owns 79,739 shares in the company, valued at approximately $979,992.31. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 4,240 shares of company stock worth $52,124 in the last ninety days. Insiders own 6.89% of the company’s stock.

Institutional Trading of Geospace Technologies

Several large investors have recently added to or reduced their stakes in GEOS. Barclays PLC acquired a new stake in Geospace Technologies in the 3rd quarter valued at $109,000. O Shaughnessy Asset Management LLC acquired a new stake in Geospace Technologies in the 3rd quarter valued at $133,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Geospace Technologies in the 3rd quarter valued at about $143,000. Citigroup Inc. purchased a new position in Geospace Technologies in the 3rd quarter valued at about $153,000. Finally, Trexquant Investment LP purchased a new position in Geospace Technologies in the 4th quarter valued at about $153,000. 57.15% of the stock is currently owned by institutional investors and hedge funds.

Geospace Technologies Company Profile

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.