Shares are trading at $4.53 barely below the 50 day moving average of $5.45 and which is marginally under the 200 day moving average of $8.49. The 50 day moving average was down $-0.72 or -13.1537% and the 200 day average was down $-3.76. Trading was light with 4,039 shares changing hands in the last trading session. Shares saw a steep decrease in trading volume of 92.46% under the normal average daily volume.
These funds have also shifted positions in (CGG). Walleye Trading LLC trimmed its position by shedding 200 shares a decrease of 11.8% as of 06/30/2016. Walleye Trading LLC currently owns 1,500 shares with a value of $1,000. The value of the position overall is down by 0.0%. Morgan Stanley bolstered its holdings by buying 56,900 shares an increase of 27.3% from 03/31/2016 to 06/30/2016. Morgan Stanley claims 265,300 shares worth $183,000. The total value of its holdings increased 7.0%.
As of the end of the quarter Ubs Group Ag had acquired 394 shares growing its holdings by 98.3%. The value of the investment in CGG increased from $0 to $1,000 a change of 0.0% since the last quarter. As of quarter end Comerica Bank had sold a total of 233 shares trimming its stake by 0.6%. The value of the company’s investment in CGG went from $34,000 to $28,000 a change of $6,000 quarter over quarter.
On July 17 the company was rated “Overweight” by JP Morgan a boost from the previous “Underweight” rating. On April 2 the company was upgraded from “Hold” to “Buy” in an announcement from Societe Generale.
On December 15 the stock rating was downgraded to “Trim” from “Hold” in a report from Tudor Pickering.
The company is trading down by -3.82% since yesterday’s close of $4.71.
CGG SA (CGG), launched on March 30, 1984, is a manufacturer of geophysical equipment. The Company is a provider of marine, land and airborne data acquisition services. The Company is a provider of a range of other geoscience services, including data imaging, seismic data characterization, geoscience and petroleum engineering consulting services, and collecting, developing and licensing geological data. The Business’s clients include independent, international and national oil companies. The Business’s business lines include Equipment, Marine Acquisition, Land Acquisition, Multi-Physics, Multi-Client and New Ventures, Subsurface Imaging, GeoSoftware and GeoConsulting. The Company operates through four segments: Contractual Data Acquisition; Geology, Geophysics & Reservoir (GGR); Equipment, and Non-Operated Resources. The Contractual Data Acquisition includes marine, and land and multi-physics. The GGR segment includes the Multi-client business line (development and management of seismic surveys that it undertakes and licenses to a range of clients on a non-exclusive basis) and the Subsurface Imaging and Reservoir business lines (processing and imaging of geophysical data, reservoir characterization, geophysical consulting and software services, geological data library and data management solutions). The Equipment segment consists of its manufacturing and sales activities for seismic equipment used for data acquisition, both on land and marine. The Non-Operated Resources segment consists of the costs of the non-operated marine resources, as well as all the costs of its Transformation Plan..