Ion Geophysical Corp. (NYSE:IO) Director James M. Lapeyre, Jr. acquired 3,100 shares of the business’s stock in a transaction on Tuesday, October 18th. The stock was acquired at an average price of $5.97 per share, for a total transaction of $18,507.00. Following the acquisition, the director now owns 157,773 shares of the company’s stock, valued at approximately $941,904.81. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Ion Geophysical Corp. (NYSE:IO) traded up 4.64% during midday trading on Wednesday, reaching $6.20. 17,165 shares of the company’s stock were exchanged. The company’s market cap is $73.07 million. The stock’s 50 day moving average price is $6.08 and its 200 day moving average price is $6.61. Ion Geophysical Corp. has a 12-month low of $2.55 and a 12-month high of $10.50.
Ion Geophysical Corp. (NYSE:IO) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($1.85) EPS for the quarter, beating the consensus estimate of ($1.86) by $0.01. The business had revenue of $36.15 million for the quarter, compared to the consensus estimate of $38.90 million. Ion Geophysical Corp. had a negative net margin of 42.51% and a negative return on equity of 85.96%. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($4.05) EPS. Equities analysts anticipate that Ion Geophysical Corp. will post ($7.28) earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. TFS Capital LLC purchased a new position in Ion Geophysical Corp. during the second quarter valued at about $165,000. DUPONT CAPITAL MANAGEMENT Corp purchased a new position in Ion Geophysical Corp. during the second quarter valued at about $189,000. Paloma Partners Management Co purchased a new position in Ion Geophysical Corp. during the second quarter valued at about $232,000. Brookfield Asset Management Inc. purchased a new position in Ion Geophysical Corp. during the second quarter valued at about $235,000. Finally, Wolverine Asset Management LLC purchased a new position in Ion Geophysical Corp. during the second quarter valued at about $296,000. 41.70% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Ion Geophysical Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ion Geophysical Corp. and related companies with MarketBeat.com's FREE daily email newsletter.