Is Oyo Geospace Turning Around?

Last week at my CAPS blog, I noted that Oyo Geospace is showing some early signs of recovery:

Earlier this week, OYO Geospace (NASD: OYOG) reported that they have recently received several orders for seismic equipment totaling more than $18 million. These orders span a variety of seismic products including geophone and hydrophone sensors, cables, GSR units, and borehole products. The company also recently announced an order for one of the GSR systems, their new wireless data acquisition system. The company notes that their backlog has increased substantially in recent weeks, with the majority of the orders to be delivered during the fourth quarter of 2009.

Disclosure: No position in Oyo Geospace