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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

(Get Rating)

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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