Geospace Technologies (NASDAQ:GEOS) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Geospace Technologies Co. (NASDAQ:GEOS) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.23 and traded as high as $10.31. Geospace Technologies shares last traded at $10.17, with a volume of 24,726 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com upgraded Geospace Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th.

Geospace Technologies Trading Up 1.6 %

The company has a market capitalization of $131.28 million, a PE ratio of -19.13 and a beta of 0.60. The business has a fifty day moving average of $11.34 and a 200 day moving average of $10.23.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GEOS. Barclays PLC lifted its holdings in 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 buying an additional 12,227 shares in the last quarter. State Street Corp raised its stake in shares of Geospace Technologies by 12.4% in the third quarter. State Street Corp now owns 167,497 shares of the oil and gas company’s stock valued at $1,732,000 after acquiring an additional 18,469 shares in the last quarter. De Lisle Partners LLP raised its stake in shares of Geospace Technologies by 4.7% in the third quarter. De Lisle Partners LLP now owns 144,234 shares of the oil and gas company’s stock valued at $1,496,000 after acquiring an additional 6,486 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings 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 during the period. Finally, EagleClaw Capital Managment LLC acquired a new position in Geospace Technologies during the 3rd quarter worth $114,000. Institutional investors and hedge funds own 57.15% of the company’s stock.

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.