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

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

Geospace Technologies Trading Down 4.2 %

Shares of Geospace Technologies stock traded down $0.46 on Thursday, hitting $10.53. The stock had a trading volume of 40,348 shares, compared to its average volume of 80,820. Geospace Technologies has a 52-week low of $8.09 and a 52-week high of $17.09. The stock has a market cap of $133.84 million, a price-to-earnings ratio of -19.50 and a beta of 0.62. The company’s 50 day moving average price is $11.34 and its 200 day moving average price is $10.19.

Institutional Trading of Geospace Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC lifted its holdings in shares of Geospace Technologies by 278.2% in the 3rd quarter. Barclays PLC now owns 16,622 shares of the oil and gas company’s stock valued at $172,000 after purchasing an additional 12,227 shares during the last quarter. State Street Corp lifted its holdings in shares of Geospace Technologies by 12.4% in the 3rd quarter. State Street Corp now owns 167,497 shares of the oil and gas company’s stock valued at $1,732,000 after purchasing an additional 18,469 shares during the last quarter. De Lisle Partners LLP lifted its holdings 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 valued at $1,496,000 after purchasing an additional 6,486 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Geospace Technologies by 40.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,016 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 872 shares during the last quarter. Finally, EagleClaw Capital Managment LLC purchased a new stake in shares of Geospace Technologies in the 3rd quarter valued at about $114,000. 57.15% of the stock is owned by hedge funds and other institutional investors.

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.