Geospace Technologies traded at $6.72 this Thursday July 2nd, decreasing $0.03 or 0.44 percent since the previous trading session. Looking back, over the last four weeks, Geospace Technologies lost 22.13 percent. Over the last 12 months, its price fell by 52.09 percent. Looking ahead, we forecast Geospace Technologies to be priced at 6.58 by the end of this quarter and at 6.18 in one year, according to Trading Economics global macro models projections and analysts expectations.
Geospace Technologies Corporation designs and manufactures seismic and non-seismic instruments and equipment, including water meter products, imaging equipment, offshore cables and provide contract manufacturing services. The Company’s segments include Oil and Gas Markets, Adjacent Markets and Emerging Markets. The Oil and Gas Markets segment products include wireless seismic data acquisition systems, reservoir characterization products and services, and traditional seismic exploration products such as geophones, hydrophones, leader wire, connectors, cables, marine streamer retrieval and steering devices and various other seismic products. The Adjacent Markets segment products include imaging equipment, water meter products, offshore cables, and seismic sensors used for vibration monitoring and geotechnical applications such as mine safety applications and earthquake detection. The Emerging Markets segment provides seismic products targeted at the border and perimeter security markets.