Dawson Geophysical (NASDAQ:DWSN) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Dawson Geophysical Company (NASDAQ:DWSN) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.59 and traded as high as $2.17. Dawson Geophysical shares last traded at $2.01, with a volume of 28,647 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Dawson Geophysical in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Dawson Geophysical Stock Down 2.4%

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.18 and a current ratio of 1.18. The company’s fifty day moving average price is $1.87 and its 200-day moving average price is $1.59. The stock has a market cap of $62.41 million, a P/E ratio of -7.73 and a beta of -0.03.

Dawson Geophysical (NASDAQ:DWSN) last posted its quarterly earnings data on Wednesday, November 12th. The oil and gas company reported ($0.04) earnings per share for the quarter. The firm had revenue of $22.75 million during the quarter. Dawson Geophysical had a negative return on equity of 44.29% and a negative net margin of 13.89%.

Institutional Investors Weigh In On Dawson Geophysical

A number of institutional investors and hedge funds have recently modified their holdings of the business. Pinnacle Associates Ltd. boosted its holdings in Dawson Geophysical by 19.0% during the 3rd quarter. Pinnacle Associates Ltd. now owns 52,360 shares of the oil and gas company’s stock valued at $92,000 after acquiring an additional 8,360 shares during the period. Teton Advisors LLC purchased a new stake in Dawson Geophysical in the third quarter worth $35,000. Grace & White Inc. NY lifted its position in shares of Dawson Geophysical by 5.0% during the third quarter. Grace & White Inc. NY now owns 909,879 shares of the oil and gas company’s stock worth $1,601,000 after purchasing an additional 43,457 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Dawson Geophysical during the second quarter valued at $52,000. 7.86% of the stock is owned by institutional investors.

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.