CGG SA (NYSE:CGG) shares hit a new 52-week low on Wednesday . The stock traded as low as $3.80 and last traded at $3.80, with a volume of 190 shares trading hands. The stock had previously closed at $3.97.

CGG has been the subject of several research reports. Zacks Investment Research raised CGG SA from a “hold” rating to a “buy” rating and set a $6.50 target price for the company in a research note on Wednesday, June 7th. ValuEngine cut CGG SA from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd.

The firm’s 50-day moving average is $4.55 and its 200 day moving average is $6.88. The stock’s market capitalization is $84.92 million.

CGG SA (NYSE:CGG) last released its earnings results on Friday, July 28th. The oil and gas company reported ($7.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.48) by $3.16. The firm had revenue of $349.80 million for the quarter. CGG SA had a negative return on equity of 79.24% and a negative net margin of 47.76%. Equities analysts forecast that CGG SA will post ($17.97) EPS for the current fiscal year.

WARNING: “CGG SA (NYSE:CGG) Hits New 52-Week Low at $3.80” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another domain, it was stolen and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://www.thecerbatgem.com/2017/08/09/cgg-sa-nysecgg-hits-new-52-week-low-at-3-80.html.

About CGG SA

CGG SA (CGG) is a manufacturer of geophysical equipment. The Company provides marine, land and airborne data acquisition services, as well as a range of other geoscience services, including data imaging, geoscience and petroleum engineering consulting services, and collecting, developing and licensing geological data.

Receive News & Stock Ratings for CGG SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CGG SA and related stocks with our FREE daily email newsletter.