SAExploration (SAEX) Stock Price Down 4.4%
SAExploration Holdings Inc (NASDAQ:SAEX)’s share price traded down 4.4% during trading on Monday . The stock traded as low as $0.41 and last traded at $8.34. 1,323 shares changed hands during trading, a decline of 100% from the average session volume of 523,206 shares. The stock had previously closed at $8.72.
Separately, ValuEngine upgraded SAExploration from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd.
The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 5.62.
A hedge fund recently bought a new stake in SAExploration stock. Highbridge Capital Management LLC bought a new stake in shares of SAExploration Holdings Inc (NASDAQ:SAEX) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 775,698 shares of the oil and gas company’s stock, valued at approximately $1,047,000. Highbridge Capital Management LLC owned 5.20% of SAExploration at the end of the most recent reporting period. 62.67% of the stock is currently owned by institutional investors.
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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