SAExploration (SAEX) Downgraded by ValuEngine to Strong Sell

ValuEngine downgraded shares of SAExploration (NASDAQ:SAEX) from a sell rating to a strong sell rating in a research report sent to investors on Thursday.

SAExploration (NASDAQ SAEX) traded up $0.01 during trading on Thursday, reaching $1.69. The company’s stock had a trading volume of 5,500 shares, compared to its average volume of 142,409. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 5.69. SAExploration has a one year low of $1.18 and a one year high of $6.62.

An institutional investor recently raised its position in SAExploration stock. Vanguard Group Inc. grew its holdings in shares of SAExploration Holdings, Inc. (NASDAQ:SAEX) by 43.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,697 shares of the oil and gas company’s stock after purchasing an additional 12,109 shares during the period. Vanguard Group Inc. owned approximately 0.42% of SAExploration worth $129,000 at the end of the most recent quarter. 68.31% of the stock is owned by institutional investors.

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SAExploration Company Profile

SAExploration Holdings, Inc, an oilfield services company, provides seismic data acquisition and logistical support services to the oil and natural gas industry in North and South America, the Southeast Asia, and West Africa. Its seismic data acquisition services include program design, planning and permitting, camp services, survey, drilling, recording, reclamation, and in-field processing.

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