GEOS Falls to Levels Below Book Value

In trading on Monday, shares of Geospace Technologies Corp (GEOS) crossed below their last reported book value — defined as common shareholder equity per share — of $25.23, changing hands as low as $24.73 per share. Geospace Technologies Corp shares are currently trading off about 4% on the day. The chart below shows the one year performance of GEOS shares, versus its 50 and 200 day moving averages:

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Geospace Technologies Corp Moving Averages Chart

Looking at the chart above, GEOS's low point in its 52 week range is $24.725 per share, with $97.42 as the 52 week high point — that compares with a last trade of $25.21.

According to the ETF Finder at ETF Channel, GEOS makes up 1.79% of the SPDR S&P Oil & Gas Equipment & Services ETF ( XES) which is trading lower by about 4.1% on the day Monday.

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