Geospace Technologies (NASDAQ:GEOS) Cut to Strong Sell at Wall Street Zen

Wall Street Zen downgraded shares of Geospace Technologies (NASDAQ:GEOS) from a sell rating to a strong sell rating in a report published on Saturday morning.

Separately, Weiss Ratings upgraded shares of Geospace Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Geospace Technologies Price Performance

GEOS stock opened at $5.77 on Friday. Geospace Technologies has a 1 year low of $5.05 and a 1 year high of $29.89. The company has a market cap of $74.66 million, a P/E ratio of -1.87 and a beta of 0.19. The stock’s fifty day moving average price is $6.81 and its 200-day moving average price is $9.04.

Geospace Technologies (NASDAQ:GEOS) last posted its quarterly earnings data on Friday, August 7th. The oil and gas company reported ($0.75) EPS for the quarter. The firm had revenue of $15.80 million for the quarter. Geospace Technologies had a negative net margin of 43.10% and a negative return on equity of 35.80%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GEOS. Raymond James Financial Inc. purchased a new position in shares of Geospace Technologies during the 2nd quarter valued at about $51,000. BNP Paribas Financial Markets increased its holdings in Geospace Technologies by 670.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,453 shares of the oil and gas company’s stock worth $65,000 after acquiring an additional 3,005 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in Geospace Technologies during the 4th quarter worth approximately $67,000. GSA Capital Partners LLP bought a new stake in Geospace Technologies during the 2nd quarter worth approximately $105,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in Geospace Technologies during the second quarter valued at approximately $165,000. Institutional investors own 57.15% of the company’s stock.

About Geospace Technologies

Geospace Technologies Corporation specializes in the design, manufacturing and marketing of geophysical instrumentation for seismic data acquisition. The company’s solutions address the needs of oil and gas exploration and production companies by enabling detailed subsurface imaging through advanced sensor and acquisition systems. Geospace serves both land and marine seismic markets, offering equipment that meets the rigorous demands of contemporary seismic surveys.

In its Land Products segment, Geospace Technologies offers a range of components including geophones, accelerometers, cable and recorder accessories designed to collect high-quality seismic signals in onshore environments.