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

NEW YORK ( TheStreet) -- CGG Veritas (NYSE: CGV) hit a new 52-week low Monday as it is currently trading at $16.76, below its previous 52-week low of $17.44 with 16,874 shares traded as of 9:38 a.m. ET. Average volume has been 170,700 shares over the past 30 days.

CGG Veritas has a market cap of $2.9 billion and is part of the basic materials sector and energy industry. Shares are down 42.4% year to date as of the close of trading on Friday.

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 187.7, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates CGG Veritas as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, poor profit margins and generally disappointing historical performance in the stock itself. You can view the full CGG Veritas Ratings Report.

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