CGG (OTCMKTS:CGGYY) Downgraded by ValuEngine

CGG (OTCMKTS:CGGYY) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday, ValuEngine reports.

Shares of CGGYY opened at $2.43 on Thursday. The company has a current ratio of 1.45, a quick ratio of 1.26 and a debt-to-equity ratio of 0.82. The firm has a fifty day simple moving average of $2.34 and a two-hundred day simple moving average of $2.02. CGG has a 1-year low of $1.11 and a 1-year high of $2.60.

CGG (OTCMKTS:CGGYY) last announced its earnings results on Friday, July 26th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The company had revenue of $335.30 million for the quarter.

About CGG

CGG operates as a geoscience company in North America, the Central and South Americas, Europe, Africa, the Middle East, and the Asia Pacific. It operates through Geology, Geophysics & Reservoir; and Equipment segments. The Geology, Geophysics & Reservoir segment develops and licenses multi-client seismic surveys; processes seismic data; and sells seismic data processing and reservoir characterization software primarily under the geovation, Hampson-Russell, and Jason brands.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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