Dawson Geophysical (NASDAQ:DWSN) Stock Price Passes Above Two Hundred Day Moving Average of $1.78

Defense World ·  04/06/2023 15:21

Shares of Dawson Geophysical (NASDAQ:DWSN – Get Rating) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.78 and traded as high as $1.95. Dawson Geophysical shares last traded at $1.94, with a volume of 44,159 shares traded.

Dawson Geophysical Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 2.41 and a quick ratio of 2.41. The firm has a market capitalization of $46.09 million, a price-to-earnings ratio of -2.25 and a beta of 0.99. The firm's fifty day moving average is $1.54 and its 200 day moving average is $1.78.

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Institutional Trading of Dawson Geophysical

A number of institutional investors have recently added to or reduced their stakes in the business. Pinnacle Associates Ltd. lifted its stake in Dawson Geophysical by 44.6% in the third quarter. Pinnacle Associates Ltd. now owns 32,422 shares of the oil and gas company's stock valued at $52,000 after acquiring an additional 10,000 shares during the last quarter. Grace & White Inc. NY lifted its stake in Dawson Geophysical by 4.3% in the third quarter. Grace & White Inc. NY now owns 1,053,894 shares of the oil and gas company's stock valued at $1,676,000 after acquiring an additional 43,308 shares during the last quarter. Finally, Ancora Advisors LLC acquired a new stake in Dawson Geophysical in the first quarter valued at approximately $233,000. 10.16% of the stock is currently owned by institutional investors and hedge funds.

About Dawson Geophysical

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Dawson Geophysical Co engages in the provision of onshore seismic data acquisition services. The firm is also involved in acquiring and processing 2-D, 3-D, and multi-component seismic data to providers of multi-client data libraries for use in the onshore drilling and production of oil and natural gas as well as directly to onshore oil and natural gas exploration and development companies.

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