Shares of SAExploration Holdings Inc (NASDAQ:SAEX) saw unusually-high trading volume on Monday . Approximately 1,474,533 shares changed hands during trading, an increase of 163% from the previous session’s volume of 560,335 shares.The stock last traded at $2.39 and had previously closed at $1.94.
Separately, ValuEngine upgraded SAExploration from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st.
The company has a debt-to-equity ratio of 4.52, a quick ratio of 1.28 and a current ratio of 1.28. The business has a 50-day moving average price of $2.38 and a two-hundred day moving average price of $3.26.
Hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new stake in shares of SAExploration during the second quarter worth $58,000. Bank of New York Mellon Corp bought a new stake in shares of SAExploration during the second quarter worth $87,000. Vanguard Group Inc. raised its position in shares of SAExploration by 286.2% during the second quarter. Vanguard Group Inc. now owns 138,553 shares of the oil and gas company’s stock worth $499,000 after acquiring an additional 102,679 shares during the last quarter. BlueMountain Capital Management LLC increased its holdings in SAExploration by 99.6% in the second quarter. BlueMountain Capital Management LLC now owns 240,432 shares of the oil and gas company’s stock valued at $866,000 after purchasing an additional 119,980 shares during the last quarter. Finally, Dupont Capital Management Corp increased its holdings in SAExploration by 5.3% in the second quarter. Dupont Capital Management Corp now owns 620,637 shares of the oil and gas company’s stock valued at $2,234,000 after purchasing an additional 31,000 shares during the last quarter. Institutional investors own 38.29% of the company’s stock.
About SAExploration (NASDAQ:SAEX)
SAExploration Holdings, Inc, an oilfield services company, provides seismic data acquisition and logistical support services in Alaska, Canada, South America, West Africa, and Southeast Asia. Its seismic data acquisition services include program design, planning and permitting, camp service, survey, drilling, recording, reclamation, and in-field data processing.
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