Geospace Technologies Corporation ( GEOS ) saw a big move last session, as the company's shares fell by over 13% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $23.54- $28.41 in the past one-month time frame.
On Feb 4, 2015, Geospace Technologies reported loss in its first quarter 2015 results missing expectations.
This slump shouldn't be too much of a surprise to investors, as the electrical measuring instrument company has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
GEOS currently has a Zacks Rank #4 (Sell).
A better-ranked stock in the same sector is Orbotech Ltd. ( ORBK ) with a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.