Geospace Technologies (NASDAQ:GEOS – Get Free Report) issued its quarterly earnings results on Wednesday. The oil and gas company reported $0.65 earnings per share for the quarter, Zacks reports. Geospace Technologies had a negative net margin of 4.85% and a positive return on equity of 7.65%.
Geospace Technologies Trading Down 5.4 %
Shares of GEOS traded down $0.51 during trading hours on Wednesday, reaching $8.94. 88,822 shares of the stock traded hands, compared to its average volume of 44,504. The company has a market cap of $114.61 million, a P/E ratio of -16.56 and a beta of 0.57. The company’s 50-day moving average price is $10.02 and its two-hundred day moving average price is $10.33. Geospace Technologies has a 52-week low of $8.09 and a 52-week high of $17.09.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Geospace Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th.
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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