Geospace Technologies (NASDAQ:GEOS – Get Free Report) announced its earnings results on Wednesday. The oil and gas company reported $0.65 EPS 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 5.3 %
Shares of GEOS stock opened at $8.94 on Thursday. The firm’s fifty day moving average price is $10.02 and its two-hundred day moving average price is $10.33. Geospace Technologies has a 1 year low of $8.09 and a 1 year high of $17.09.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Geospace Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th.
Geospace Technologies Company Profile
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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