CGG Veritas Stock Hits New 52-Week Low (CGV)

NEW YORK ( TheStreet) -- CGG Veritas (NYSE: CGV) hit a new 52-week low Thursday as it is currently trading at $18.22, below its previous 52-week low of $18.26 with 130,226 shares traded as of 1:38 p.m. ET. Average volume has been 161,200 shares over the past 30 days.

CGG Veritas has a market cap of $3.1 billion and is part of the basic materials sector and energy industry. Shares are down 34.5% year to date as of the close of trading on Wednesday.

Compagnie Generale de Geophysique-Veritas S.A., together with its subsidiaries, provides geophysical services and equipment to the oil and gas exploration and production industries in France and internationally. The company has a P/E ratio of 204.4, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates CGG Veritas as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and a generally disappointing performance in the stock itself. You can view the full CGG Veritas Ratings Report.

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