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Friday, March 8, 2013

Excellent Stock Value (NYSE: CGG)

Shares of CGG fell by 0.78% or $-0.19/share to $24.11. NYSE is trading at a price to book ratio of 0.93. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.11 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 1.22. Thus, the company is not very expensive in terms of its sales. On average, 9523 shares of CGG exchange hands on a given day and today's volume is recorded at 2070. These financial metrics combined make this company seem undervalued. 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.