Home / Basic Materials / Geospace Technologies Corporation (GEOS) Climbs 4.55% Gain on September 22 to Lead Basic Materials Sector

Geospace Technologies Corporation (GEOS) Climbs 4.55% Gain on September 22 to Lead Basic Materials Sector

Geospace Technologies Corporation (GEOS) was one of the best performers amongst all companies listed in the basic materials sector on the NYSE and NASDAQ exchanges during trading on September 22, climbing 4.55% to wrap the day at $18.48 after closing the day prior at $17.68. Throughout the trading session, shares of GEOS rose as high as $18.48 and dipped as low as $17.84. Today’s advance came with about 49,712 shares changing hands, compared to an average 30-day volume of 79,538 for Geospace Technologies Corporation. The price is currently below the 30-day volume weighted average price of $18.23 for GEOS.

The share appreciation today gives the company a market capitalization of $235.57 million based upon 13.33 million shares outstanding. It also means that GEOS has a price-to-book ratio of 0.92:1.

In the past 52 weeks, shares of GEOS have traded as low as $7.62 and as high as $19.92. Technical traders will take note that at $18.48, shares of GEOS are trading above their 200-day MA at $14.52 and above their 50-day MA at $17.14. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is GEOS?

Geospace Technologies Corp is engaged in designing and manufacturing of instruments and equipment used in the oil and gas industry for acquiring seismic data to locate, characterize and monitor hydrocarbon producing reservoirs. The company’s 978 employees are led by CEO Walter R. Wheeler from the corporate headquarters at 7007 Pinemont Drive in Houston, TX.

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