Geospace Technologies (NASDAQ:GEOS) Stock Rating Upgraded by StockNews.com

Geospace Technologies (NASDAQ:GEOS) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.

Geospace Technologies Stock Up 2.0 %

Shares of NASDAQ:GEOS opened at $10.74 on Thursday. Geospace Technologies has a 12-month low of $8.09 and a 12-month high of $17.09. The company’s 50 day moving average price is $11.35 and its two-hundred day moving average price is $10.19. The firm has a market cap of $136.51 million, a PE ratio of -19.89 and a beta of 0.62.

Institutional Trading of Geospace Technologies

A number of institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its stake in Geospace Technologies by 40.7% in the third quarter. BNP Paribas Financial Markets now owns 3,016 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 872 shares in the last quarter. EagleClaw Capital Managment LLC acquired a new position in shares of Geospace Technologies in the 3rd quarter valued at approximately $114,000. WINTON GROUP Ltd bought a new stake in shares of Geospace Technologies during the 2nd quarter worth approximately $113,000. Rhumbline Advisers lifted its holdings in shares of Geospace Technologies by 2,370.7% during the 2nd quarter. Rhumbline Advisers now owns 14,824 shares of the oil and gas company’s stock worth $133,000 after acquiring an additional 14,224 shares during the period. Finally, Barclays PLC boosted its position in shares of Geospace Technologies by 278.2% during the 3rd quarter. Barclays PLC now owns 16,622 shares of the oil and gas company’s stock worth $172,000 after acquiring an additional 12,227 shares in 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.