Shares of CGV traded higher by 1.70% or $0.44/share to $26.29. NYSE is trading at a price to book ratio of 1.02. This indicates that the shares are relatively cheap compared to book value which means the market is pricing in going concern value. The PEG is 0.38 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 1.27. Thus, the company is not very expensive in terms of its sales. On average, 82069 shares of CGV exchange hands on a given day and today's volume is recorded at 33320. These factors combined may make this company a potential takeover candidate. Value investors may have an eye on this one, especially if the stock gets cheaper.
Compagnie Generale de Geophysique-Veritas (CGGVeritas) is a manufacturer of geophysical equipment and a provider of a range of seismic services in data acquisition and processing both onshore and offshore, principally to clients in the oil and gas exploration and production industry.
