(VIANEWS) – Shares of CGG (CAC 40: CGG.PA) slid by a staggering 23.44% in 10 sessions from €0.93 to €0.71 at 16:53 EST on Wednesday, after two consecutive sessions in a row of gains. CAC 40 is rising 0.61% to €7,156.24, after two sequential sessions in a row of gains.
CGG’s last close was €0.71, 41.79% 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, Data, Digital & Energy Transition (DDE); and Sensing & Monitoring (SMO). The DDE segments engages in the developing and licensing Earth data seismic surveys; processing and imaging seismic data; sale of seismic data processing software under the Geovation brand; provision of geoscience and petroleum engineering consulting services; and collecting, developing, and licensing geological data. The SMO segment is involved in the design, engineering, and manufacturing of seismic equipment for the land and marine seismic data acquisition, including seismic recording equipment, software and seismic sources for land vibrators or marine sources, and sensing and monitoring equipment and solutions under the Sercel, Metrolog, GRC, DeRegt, and Geocomp brand names. This segment 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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