(VIANEWS) – Shares of CGG (CAC 40: CGG.PA) fell by a staggering 11.15% to €0.74 at 13:53 EST on Wednesday, following the last session’s upward trend. CAC 40 is sliding 3.4% to €6,898.42, following the last session’s upward trend. This seems, at the moment, a very bearish trend trading session today.
CGG’s last close was €0.83, 32.25% under its 52-week high of €1.23.
About CGG
CGG provides data, products, services, and solutions in Earth science, data science, sensing, and monitoring in North America, the Central and South Americas, Europe, Africa, the Middle East, and the Asia Pacific. It operates through two segments, Geology, Geophysics & Reservoir; and Equipment. The Geology, Geophysics & Reservoir segment develops and licenses multi-client seismic surveys; processes seismic data; and sells seismic data processing software under the Geovation brand. It also provides geoscience and petroleum engineering consulting services; and data management services and software to its clients, as well as collects, develops, and licenses geological data under the Robertson brand. The Equipment segment manufactures and sells seismic equipment used for land and marine seismic data acquisition, including seismic recording equipment, software, and seismic sources for land vibrators or marine sources under the Sercel, Metrolog, GRC, and DeRegt brands. It also provides customer support services, such as training. The company provides solutions for natural resources, environmental, infrastructure, energy transition, and digital applications. The company was formerly known as Compagnie Générale de Géophysique — Veritas SA and changed its name to CGG in 2013. CGG was incorporated in 1931 and is headquartered in Massy, France.
Earnings Per Share
As for profitability, CGG has a trailing twelve months EPS of €-0.03.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 4.63%.
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