SAExploration (NASDAQ:SAEX) Sees Unusually-High Trading Volume

SAExploration Holdings Inc (NASDAQ:SAEX) shares saw unusually-strong trading volume on Monday . Approximately 3,616,808 shares were traded during trading, an increase of 573% from the previous session’s volume of 537,503 shares.The stock last traded at $3.06 and had previously closed at $2.39.

Separately, ValuEngine downgraded shares of SAExploration from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th.

The stock’s 50 day moving average price is $1.96 and its two-hundred day moving average price is $2.54. The company has a debt-to-equity ratio of 4.52, a quick ratio of 1.28 and a current ratio of 1.28.

Several hedge funds and other institutional investors have recently modified their holdings of SAEX. BlueMountain Capital Management LLC grew its stake in shares of SAExploration by 99.6% during the second quarter. BlueMountain Capital Management LLC now owns 240,432 shares of the oil and gas company’s stock worth $866,000 after purchasing an additional 119,980 shares during the period. Vanguard Group Inc. boosted its holdings in 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 buying an additional 102,679 shares during the last quarter. Dupont Capital Management Corp boosted its holdings in SAExploration by 5.3% during the second quarter. Dupont Capital Management Corp now owns 620,637 shares of the oil and gas company’s stock worth $2,234,000 after buying an additional 31,000 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of SAExploration during the 2nd quarter worth about $87,000. Finally, Citadel Advisors LLC acquired a new position in shares of SAExploration during the 2nd quarter worth about $58,000. 37.97% of the stock is currently owned by institutional investors.

SAExploration Company Profile (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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