Geospace Technologies (NASDAQ:GEOS) Shares Pass Above Two Hundred Day Moving Average After Insider Selling

Geospace Technologies Co. (NASDAQ:GEOS) shares passed above its 200-day moving average during trading on Thursday following insider buying activity. The stock has a 200-day moving average of $14.26 and traded as high as $14.94. Geospace Technologies shares last traded at $14.81, with a volume of 3,274 shares changing hands.

Specifically, EVP Robbin B. Adams sold 6,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $14.58, for a total transaction of $87,480.00. Insiders own 3.94% of the company’s stock.

The business’s 50 day simple moving average is $14.74 and its 200 day simple moving average is $14.27.

Institutional investors have recently bought and sold shares of the company. Disciplined Growth Investors Inc. MN raised its position in shares of Geospace Technologies by 0.4% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 905,777 shares of the oil and gas company’s stock valued at $13,922,000 after buying an additional 3,360 shares in the last quarter. State Street Corp grew its position in Geospace Technologies by 13.7% in the third quarter. State Street Corp now owns 334,126 shares of the oil and gas company’s stock worth $5,136,000 after acquiring an additional 40,299 shares in the last quarter. California Public Employees Retirement System grew its position in Geospace Technologies by 5.8% in the third quarter. California Public Employees Retirement System now owns 111,900 shares of the oil and gas company’s stock worth $1,720,000 after acquiring an additional 6,100 shares in the last quarter. Rhumbline Advisers grew its position in Geospace Technologies by 10.8% in the third quarter. Rhumbline Advisers now owns 36,266 shares of the oil and gas company’s stock worth $557,000 after acquiring an additional 3,544 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its stake in Geospace Technologies by 126.0% during the third quarter. State of Alaska Department of Revenue now owns 10,487 shares of the oil and gas company’s stock worth $161,000 after acquiring an additional 5,846 shares during the last quarter. Hedge funds and other institutional investors own 67.96% of the company’s stock.

About Geospace Technologies (NASDAQ:GEOS)

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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