Geospace Technologies Corporation Announces 2-for-1 Split Of Its Common Stock
Geospace Technologies Corporation (NASDAQ: GEOS) today announced that
its Board of Directors has approved a 2-for-1 split of its common stock
which will be effected in the form of a 100% stock dividend.
In trading on Wednesday, shares of Geospace Technologies Corp crossed below their last reported book value — defined as common shareholder equity per share — of $25.04, changing hands as low as $23.92 per share. Geospace Technologies Corp shares are currently trading down about 7.5% on the day.