Geospace Technologies Co. (NASDAQ:GEOS)’s share price rose 7% during mid-day trading on Friday . The stock traded as high as $15.80 and last traded at $15.60, approximately 156,375 shares changed hands during trading. An increase of 158% from the average daily volume of 60,716 shares. The stock had previously closed at $14.58.

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

In other news, EVP Robbin B. Adams sold 6,000 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $14.58, for a total value of $87,480.00. 3.94% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the stock. Strs Ohio acquired a new stake in Geospace Technologies during the second quarter worth approximately $84,000. Wells Fargo & Company MN increased its stake in shares of Geospace Technologies by 1,378.0% during the second quarter. Wells Fargo & Company MN now owns 14,573 shares of the oil and gas company’s stock worth $219,000 after purchasing an additional 13,587 shares during the period. Tieton Capital Management LLC increased its stake in shares of Geospace Technologies by 7.7% during the second quarter. Tieton Capital Management LLC now owns 121,678 shares of the oil and gas company’s stock worth $1,839,000 after purchasing an additional 8,710 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Geospace Technologies by 79.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 81,011 shares of the oil and gas company’s stock worth $1,225,000 after purchasing an additional 35,985 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH acquired a new stake in Geospace Technologies during the 2nd quarter worth approximately $740,000. 67.96% of the stock is owned by institutional investors and hedge funds.

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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