Dawson Geophysical (NASDAQ:DWSN) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Dawson Geophysical Company (NASDAQ:DWSN) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.82 and traded as high as $2.58. Dawson Geophysical shares last traded at $2.52, with a volume of 62,094 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dawson Geophysical in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Dawson Geophysical Price Performance

The company has a debt-to-equity ratio of 0.43, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market capitalization of $78.25 million, a price-to-earnings ratio of -21.00 and a beta of -0.05. The business’s fifty day simple moving average is $1.94 and its 200 day simple moving average is $1.83.

Dawson Geophysical (NASDAQ:DWSN) last announced its quarterly earnings data on Wednesday, November 12th. The oil and gas company reported ($0.04) earnings per share for the quarter. Dawson Geophysical had a negative net margin of 5.15% and a negative return on equity of 19.72%. The company had revenue of $22.75 million for the quarter.

Institutional Trading of Dawson Geophysical

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new position in Dawson Geophysical during the second quarter worth $52,000. Grace & White Inc. NY raised its holdings in shares of Dawson Geophysical by 5.0% in the 3rd quarter. Grace & White Inc. NY now owns 909,879 shares of the oil and gas company’s stock worth $1,601,000 after acquiring an additional 43,457 shares during the last quarter. Teton Advisors LLC bought a new position in Dawson Geophysical in the 3rd quarter valued at about $35,000. Pinnacle Associates Ltd. lifted its position in Dawson Geophysical by 19.0% in 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 in the last quarter. Finally, Two Sigma Investments LP acquired a new position in Dawson Geophysical during the 3rd quarter valued at about $52,000. Institutional investors own 7.86% of the company’s stock.

About Dawson Geophysical

Dawson Geophysical Company provides land-based seismic data acquisition services to the oil and gas industry. Through its subsidiaries, the company specializes in the design, deployment and operation of seismic crews that collect high-fidelity subsurface data. Its services support exploration and development programs by delivering two-dimensional (2D), three-dimensional (3D) and time-lapse (4D) seismic surveys that enable clients to make informed drilling and reservoir management decisions.

The company’s fleet includes vibratory and impulsive seismic sources, high-capacity source trucks, geophone sensor arrays and digital recording systems.