Ion Geophysical Corp. (NYSE:IO) Director James M. Lapeyre, Jr. acquired 25,100 shares of Ion Geophysical Corp. stock in a transaction dated Wednesday, October 5th. The shares were bought at an average cost of $6.64 per share, with a total value of $166,664.00. Following the transaction, the director now owns 157,773 shares in the company, valued at $1,047,612.72. The purchase was disclosed in a filing with the SEC, which is available through this link.
Shares of Ion Geophysical Corp. (NYSE:IO) traded up 2.11% during trading on Thursday, hitting $6.78. The company had a trading volume of 70,523 shares. The company’s 50 day moving average is $5.97 and its 200 day moving average is $6.73. Ion Geophysical Corp. has a 1-year low of $2.55 and a 1-year high of $12.15. The firm’s market capitalization is $79.91 million.
Ion Geophysical Corp. (NYSE:IO) last posted its earnings results on Wednesday, August 3rd. The company reported ($1.85) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.86) by $0.01. Ion Geophysical Corp. had a negative return on equity of 85.96% and a negative net margin of 42.51%. The firm had revenue of $36.15 million for the quarter, compared to analysts’ expectations of $38.90 million. During the same period in the previous year, the firm earned ($4.05) earnings per share. The business’s revenue was down 1.7% compared to the same quarter last year. Analysts anticipate that Ion Geophysical Corp. will post ($7.28) earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of the stock. Osterweis Capital Management Inc. purchased a new stake in shares of Ion Geophysical Corp. during the second quarter valued at $648,000. Oxford Asset Management boosted its stake in shares of Ion Geophysical Corp. by 192.8% in the second quarter. Oxford Asset Management now owns 112,733 shares of the company’s stock valued at $702,000 after buying an additional 74,225 shares during the last quarter. Bridgeway Capital Management Inc. boosted its stake in shares of Ion Geophysical Corp. by 148.1% in the second quarter. Bridgeway Capital Management Inc. now owns 109,150 shares of the company’s stock valued at $680,000 after buying an additional 65,150 shares during the last quarter. Pax World Management LLC purchased a new stake in shares of Ion Geophysical Corp. during the second quarter valued at $312,000. Finally, Spark Investment Management LLC purchased a new stake in shares of Ion Geophysical Corp. during the first quarter valued at $400,000. 41.70% of the stock is currently owned by hedge funds and other institutional investors.
Ion Geophysical Corp. Company Profile
ION Geophysical Corporation is a technology focused company that provides geophysical technology, services and solutions to the global oil and gas industry. The Company offers services and products through four segments: Solutions, Systems, Software and Ocean Bottom Services (OBS). The Company’s Solutions segment provides over two service activities: Ventures group and Imaging Services group.
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