Pgs Asa (OTCMKTS:PGSVY) Share Price Crosses Above 50-Day Moving Average of $0.56

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Pgs Asa (OTCMKTS:PGSVY) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.56 and traded as high as $0.59. Pgs Asa shares last traded at $0.59, with a volume of 200 shares.

PGSVY has been the subject of a number of recent research reports. AlphaValue cut shares of Pgs Asa to a “buy” rating in a research note on Monday, October 26th. Danske lowered shares of Pgs Asa from a “hold” rating to a “sell” rating in a research report on Friday, October 23rd. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold”.

The company’s 50 day moving average price is $0.56 and its 200 day moving average price is $0.41. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market cap of $228.45 million, a price-to-earnings ratio of -1.20 and a beta of 3.41.

Pgs Asa (OTCMKTS:PGSVY) last released its quarterly earnings results on Thursday, October 22nd. The energy company reported ($0.08) earnings per share for the quarter. The business had revenue of $85.10 million for the quarter. Pgs Asa had a negative net margin of 22.54% and a negative return on equity of 16.53%.


PGS ASA operates as a marine geophysical company. The company offers a range of seismic and reservoir services, including acquisition, imaging, interpretation, and field evaluation to oil and gas companies. It operates in Africa, Brazil, Canada, Guyana, the United Kingdom, Norway, Angola, the Asia Pacific, Europe, the Americas, the Middle East, and internationally.

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