Dawson Geophysical (NASDAQ:DWSN) Stock Crosses Above 200-Day Moving Average of $1.79

Financial News Live ·  04/27/2023 07:14

Shares of Dawson Geophysical (NASDAQ:DWSN – Get Rating) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.79 and traded as high as $2.07. Dawson Geophysical shares last traded at $1.99, with a volume of 16,642 shares trading hands.

Dawson Geophysical Stock Down 6.4 %

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 company has a 50-day simple moving average of $1.65 and a two-hundred day simple moving average of $1.79.

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Dawson Geophysical (NASDAQ:DWSN – Get Rating) last announced its quarterly earnings data on Monday, March 13th. The oil and gas company reported ($0.24) earnings per share for the quarter. Dawson Geophysical had a negative net margin of 54.56% and a negative return on equity of 47.52%. The company had revenue of $14.66 million during the quarter.

Hedge Funds Weigh In On Dawson Geophysical

Several hedge funds have recently made changes to their positions in the business. Pinnacle Associates Ltd. increased its stake in shares of Dawson Geophysical by 44.6% during the third quarter. Pinnacle Associates Ltd. now owns 32,422 shares of the oil and gas company's stock valued at $52,000 after buying an additional 10,000 shares during the period. Grace & White Inc. NY grew 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 worth $1,676,000 after purchasing an additional 43,308 shares during the period. Finally, Ancora Advisors LLC purchased a new stake in Dawson Geophysical in the first quarter worth $233,000. 10.16% of the stock is owned by hedge funds and other institutional investors.

Dawson Geophysical Company Profile

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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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