TGC Industries Inc. Stock Downgraded (TGE)
- TGE's debt-to-equity ratio is very low at 0.12 and is currently below that of the industry average, implying that there has been very successful management of debt levels.
- The revenue fell significantly faster than the industry average of 11.5%. Since the same quarter one year prior, revenues fell by 49.5%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
- Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Energy Equipment & Services industry and the overall market, TGC INDUSTRIES INC's return on equity significantly trails that of both the industry average and the S&P 500.
- The gross profit margin for TGC INDUSTRIES INC is currently extremely low, coming in at 12.42%. It has decreased significantly from the same period last year. Along with this, the net profit margin of -18.71% is significantly below that of the industry average.
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