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

Geospace Technologies (NASDAQ:GEOS) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Geospace Technologies Price Performance

Shares of NASDAQ:GEOS traded up $0.10 during trading on Wednesday, hitting $12.43. 40,851 shares of the company were exchanged, compared to its average volume of 80,501. The stock has a market capitalization of $160.47 million, a P/E ratio of 15.73 and a beta of 0.62. Geospace Technologies has a 12-month low of $8.09 and a 12-month high of $17.09. The firm’s 50 day moving average price is $11.17 and its 200-day moving average price is $10.22.

Institutional Trading of Geospace Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC lifted its stake in shares of Geospace Technologies by 278.2% during the third quarter. Barclays PLC now owns 16,622 shares of the oil and gas company’s stock valued at $172,000 after buying an additional 12,227 shares during the period. State Street Corp increased its stake in shares of Geospace Technologies by 12.4% in the third quarter. State Street Corp now owns 167,497 shares of the oil and gas company’s stock worth $1,732,000 after buying an additional 18,469 shares during the last quarter. De Lisle Partners LLP grew its position in shares of Geospace Technologies by 4.7% in the 3rd quarter. De Lisle Partners LLP now owns 144,234 shares of the oil and gas company’s stock worth $1,496,000 after acquiring an additional 6,486 shares in the last quarter. BNP Paribas Financial Markets raised its stake in 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 acquiring an additional 872 shares during the period. Finally, EagleClaw Capital Managment LLC bought a new position in shares of Geospace Technologies during the third quarter worth about $114,000. Hedge funds and other institutional investors own 57.15% of the company’s stock.

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.