Dawson Geophysical (NASDAQ:DWSN) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Dawson Geophysical (NASDAQ:DWSN) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.74 and traded as high as $1.78. Dawson Geophysical shares last traded at $1.71, with a volume of 10,404 shares changing hands.

Dawson Geophysical Stock Down 3.3 %

The stock has a market capitalization of $52.85 million, a price-to-earnings ratio of -8.55 and a beta of 0.68. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.65 and a quick ratio of 1.65. The business has a fifty day moving average of $1.60 and a 200 day moving average of $1.74.

Dawson Geophysical (NASDAQ:DWSN) last released its quarterly earnings results on Monday, August 12th. The oil and gas company reported ($0.12) earnings per share for the quarter. The business had revenue of $12.51 million for the quarter. Dawson Geophysical had a negative return on equity of 17.27% and a negative net margin of 5.48%.

About Dawson Geophysical

Dawson Geophysical Company provides onshore seismic data acquisition and processing 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 and carbon capture sequestration projects.