Geospace Technologies Co. (NASDAQ:GEOS – Get Free Report) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totalling 520,100 shares, a decline of 6.0% from the August 31st total of 553,100 shares. Approximately 4.4% of the company’s stock are sold short. Based on an average daily trading volume, of 81,800 shares, the days-to-cover ratio is currently 6.4 days.
Geospace Technologies Price Performance
NASDAQ:GEOS opened at $10.34 on Monday. Geospace Technologies has a 12 month low of $8.09 and a 12 month high of $17.09. The firm has a market capitalization of $133.49 million, a PE ratio of 8.69 and a beta of 0.63. The business’s fifty day moving average price is $9.63 and its 200 day moving average price is $10.60.
Geospace Technologies (NASDAQ:GEOS – Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The oil and gas company reported ($0.16) EPS for the quarter. The business had revenue of $25.86 million during the quarter. Geospace Technologies had a net margin of 8.28% and a return on equity of 7.68%.
Institutional Trading of Geospace Technologies
Analyst Ratings Changes
Separately, StockNews.com cut shares of Geospace Technologies from a “hold” rating to a “sell” rating in a report on Saturday, September 7th.
Check Out Our Latest Analysis on Geospace Technologies
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.
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