CGG (NYSE:CGG) Reaches New 1-Year Low at $3.80
Shares of CGG (NYSE:CGG) 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 traded. The stock had previously closed at $3.97.
CGG has been the subject of several recent analyst reports. Zacks Investment Research upgraded CGG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 8th. ValuEngine downgraded CGG from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd.
The stock’s market capitalization is $75.48 million. The stock has a 50-day moving average price of $4.25 and a 200 day moving average price of $6.36.
CGG (NYSE:CGG) last issued its quarterly earnings data on Friday, July 28th. The oil and gas company reported ($7.64) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($4.48) by $3.16. The business had revenue of $349.80 million for the quarter. CGG had a negative net margin of 57.05% and a negative return on equity of 62.43%. Equities analysts forecast that CGG will post ($17.97) earnings per share for the current year.
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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.
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