Geospace Technologies (NASDAQ:GEOS – Get Free Report) released its earnings results on Thursday. The oil and gas company reported ($0.77) earnings per share for the quarter, Zacks reports. Geospace Technologies had a negative net margin of 8.86% and a positive return on equity of 4.61%.
Geospace Technologies Stock Performance
NASDAQ GEOS opened at $6.66 on Friday. The company has a market capitalization of $85.09 million, a P/E ratio of -8.02 and a beta of 0.28. Geospace Technologies has a 52-week low of $5.77 and a 52-week high of $13.79. The company has a fifty day moving average of $6.80 and a 200-day moving average of $9.10.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered Geospace Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday.
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.
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