Geospace Technologies (NASDAQ:GEOS) Upgraded at StockNews.com

Geospace Technologies (NASDAQ:GEOS) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Thursday.

Geospace Technologies Price Performance

GEOS stock opened at $10.74 on Thursday. The stock has a market cap of $136.51 million, a price-to-earnings ratio of -19.89 and a beta of 0.62. The company has a 50 day simple moving average of $11.35 and a 200 day simple moving average of $10.19. Geospace Technologies has a 1 year low of $8.09 and a 1 year high of $17.09.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its holdings in shares of Geospace Technologies by 40.7% during the third quarter. BNP Paribas Financial Markets now owns 3,016 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 872 shares during the period. Glenorchy Capital Ltd lifted its holdings in Geospace Technologies by 2.7% during the 3rd quarter. Glenorchy Capital Ltd now owns 186,217 shares of the oil and gas company’s stock worth $1,925,000 after buying an additional 4,824 shares during the period. Renaissance Technologies LLC lifted its holdings in Geospace Technologies by 14.8% during the 2nd quarter. Renaissance Technologies LLC now owns 47,200 shares of the oil and gas company’s stock worth $424,000 after buying an additional 6,100 shares during the period. De Lisle Partners LLP boosted its holdings in Geospace Technologies by 4.7% in the third quarter. De Lisle Partners LLP now owns 144,234 shares of the oil and gas company’s stock valued at $1,496,000 after acquiring an additional 6,486 shares during the last quarter. Finally, EagleClaw Capital Managment LLC bought a new stake in shares of Geospace Technologies in the 3rd quarter valued at $114,000. Institutional investors own 57.15% of the company’s stock.

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.