Shares of CGG traded higher by 4.11% or $0.96/share to $24.29. NYSE is trading at a price to book ratio of 0.89. 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 1.18. Thus, the company is not very expensive in terms of its sales. On average, 9172 shares of CGG exchange hands on a given day and today's volume is recorded at 6105. These financial metrics combined make this company seem undervalued. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.
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.
