Geospace Technologies (NASDAQ:GEOS) Upgraded to “Strong-Buy” by StockNews.com

StockNews.com upgraded shares of Geospace Technologies (NASDAQ:GEOS) from a buy rating to a strong-buy rating in a research report released on Tuesday morning.

Geospace Technologies Price Performance

Shares of NASDAQ:GEOS opened at $12.52 on Tuesday. The company has a market cap of $166.77 million, a PE ratio of 6.73 and a beta of 0.78. Geospace Technologies has a 1 year low of $6.60 and a 1 year high of $17.09. The stock’s 50-day moving average is $12.77 and its 200 day moving average is $12.87.

Geospace Technologies (NASDAQ:GEOS) last posted its earnings results on Wednesday, February 7th. The oil and gas company reported $0.94 EPS for the quarter. Geospace Technologies had a net margin of 17.42% and a return on equity of 18.73%. The firm had revenue of $50.03 million during the quarter.

Insider Buying and Selling

In other Geospace Technologies news, SVP Robbin B. Adams sold 2,078 shares of Geospace Technologies stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $12.29, for a total transaction of $25,538.62. Following the completion of the transaction, the senior vice president now owns 79,739 shares in the company, valued at $979,992.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 4,240 shares of company stock valued at $52,124 over the last ninety days. Company insiders own 6.89% of the company’s stock.

Institutional Trading of Geospace Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC purchased a new stake in shares of Geospace Technologies in the third quarter worth $109,000. O Shaughnessy Asset Management LLC bought a new position in Geospace Technologies during the third quarter valued at approximately $133,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Geospace Technologies in the 3rd quarter worth approximately $143,000. Citigroup Inc. purchased a new stake in shares of Geospace Technologies during the 3rd quarter worth approximately $153,000. Finally, Trexquant Investment LP bought a new position in shares of Geospace Technologies during the 4th quarter valued at approximately $153,000. Hedge funds and other institutional investors 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.