OYO Geospace (NASDAQ: OYOG) today announced plans to release earnings for its fiscal second quarter ending March 31, 2012 after the market closes Thursday, May 3, 2012. OYO Geospace designs and manufactures instruments and equipment used by the oil and gas industry in the acquisition and processing of seismic data as well as in reservoir characterization and monitoring activities. The company also designs and manufactures equipment and film for the thermal printing industry worldwide. This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included herein including statements regarding potential future products and markets, our potential future revenues, future financial position, business strategy, future expectations and other plans and objectives for future operations, are forward-looking statements. We believe our forward-looking statements are reasonable. However, they are based on certain assumptions about our industry and our business that may in the future prove to be inaccurate. Important factors that could cause actual results to differ materially from our expectations include the level of seismic exploration worldwide, which is influenced primarily by prevailing prices for oil and gas, the extent to which our new products are accepted in the market, the availability of competitive products that may be more technologically advanced or otherwise preferable to our products, tensions in the Middle East and other factors disclosed under the heading “Risk Factors” and elsewhere in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, which are on file with the Securities and Exchange Commission. Further, all written and verbal forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by such factors.
OYO Geospace Corporation (Nasdaq:OYOG) hit a new 52-week high Monday as it is currently trading at $116.73, above its previous 52-week high of $115.99 with 9,109 shares traded as of 10:19 a.m. ET. Average volume has been 69,700 shares over the past 30 days.
OYO Geospace Corporation (Nasdaq:OYOG) hit a new 52-week high Thursday as it is currently trading at $115.07, above its previous 52-week high of $115 with 69,648 shares traded as of 2:35 p.m. ET. Average volume has been 43,600 shares over the past 30 days.
OYO Geospace Corporation (Nasdaq:OYOG) hit a new 52-week high Tuesday as it is currently trading at $111.36, above its previous 52-week high of $109.99 with 31,691 shares traded as of 11:10 a.m. ET. Average volume has been 43,600 shares over the past 30 days.
Shares of OYO Geospace Corporation (Nasdaq:OYOG) were gapping up Friday morning with an open price 10.9% higher than Thursday's closing price. The stock closed at $87.05 yesterday and opened today's trading at $96.50.