SAExploration Holdings Inc (NASDAQ:SAEX)’s stock price fell 2.7% on Thursday . The company traded as low as $2.30 and last traded at $2.48, 6,738 shares changed hands during trading. A decline of 99% from the average session volume of 532,969 shares. The stock had previously closed at $2.55.
Separately, ValuEngine lowered shares of SAExploration from a “buy” rating to a “hold” rating in a research report on Tuesday.
The company has a debt-to-equity ratio of 4.52, a current ratio of 1.28 and a quick ratio of 1.28. The business’s fifty day moving average price is $1.71 and its 200-day moving average price is $2.60.
Several institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC purchased a new stake in shares of SAExploration during the 2nd quarter worth approximately $58,000. Bank of New York Mellon Corp purchased a new position in SAExploration during the second quarter valued at approximately $87,000. Vanguard Group Inc. raised its position in SAExploration by 286.2% during the second quarter. Vanguard Group Inc. now owns 138,553 shares of the oil and gas company’s stock valued at $499,000 after acquiring an additional 102,679 shares in the last quarter. BlueMountain Capital Management LLC raised its position in SAExploration by 99.6% during the second quarter. BlueMountain Capital Management LLC now owns 240,432 shares of the oil and gas company’s stock valued at $866,000 after acquiring an additional 119,980 shares in the last quarter. Finally, Dupont Capital Management Corp raised its position in SAExploration by 1.9% during the third quarter. Dupont Capital Management Corp now owns 632,137 shares of the oil and gas company’s stock valued at $1,169,000 after acquiring an additional 11,500 shares in the last quarter. 38.54% of the stock is currently owned by hedge funds and other institutional investors.
About SAExploration (NASDAQ:SAEX)
SAExploration Holdings, Inc, an oilfield services company, provides seismic data acquisition and logistical support services in Alaska, Canada, South America, West Africa, and Southeast Asia. Its seismic data acquisition services include program design, planning and permitting, camp service, survey, drilling, recording, reclamation, and in-field data processing.
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