Dawson Geophysical (NASDAQ:DWSN) Stock Price Passes Above 200-Day Moving Average of $1.49

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Dawson Geophysical Co (NASDAQ:DWSN)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.49 and traded as high as $1.78. Dawson Geophysical shares last traded at $1.71, with a volume of 15,289 shares.

The firm has a 50 day moving average of $1.70 and a 200-day moving average of $1.49. The stock has a market capitalization of $41.33 million, a PE ratio of -29.50 and a beta of 2.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 6.16 and a current ratio of 6.16.

Dawson Geophysical (NASDAQ:DWSN) last announced its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.35. Dawson Geophysical had a negative return on equity of 1.27% and a negative net margin of 0.96%. The firm had revenue of $29.50 million during the quarter.

In other Dawson Geophysical news, COO C Ray Tobias sold 16,603 shares of the company’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $1.75, for a total value of $29,055.25. Following the transaction, the chief operating officer now directly owns 121,089 shares of the company’s stock, valued at approximately $211,905.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 7.40% of the company’s stock.

A hedge fund recently raised its stake in Dawson Geophysical stock. US Bancorp DE increased its stake in shares of Dawson Geophysical Co (NASDAQ:DWSN) by 21.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 196,747 shares of the oil and gas company’s stock after acquiring an additional 34,849 shares during the period. US Bancorp DE owned 0.84% of Dawson Geophysical worth $191,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 50.81% of the company’s stock.

About Dawson Geophysical (NASDAQ:DWSN)

Dawson Geophysical Company provides onshore seismic data acquisition services in the United States and Canada. The company acquires and processes 2-D, 3-D, and multi-component seismic data for its clients, including oil and gas companies, and independent oil and gas operators, as well as providers of multi-client data libraries.

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