Ion Geophysical Corp. (NYSE:IO) Director James M. Lapeyre, Jr. purchased 19,600 shares of the stock in a transaction dated Monday, October 10th. The shares were bought at an average price of $6.68 per share, with a total value of $130,928.00. Following the completion of the acquisition, the director now directly owns 157,773 shares of the company’s stock, valued at approximately $1,053,923.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Ion Geophysical Corp. (NYSE:IO) opened at 6.33 on Thursday. The stock’s 50 day moving average is $6.07 and its 200 day moving average is $6.67. The firm’s market capitalization is $74.61 million. Ion Geophysical Corp. has a one year low of $2.55 and a one year high of $10.50.
Ion Geophysical Corp. (NYSE:IO) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported ($1.85) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.86) by $0.01. Ion Geophysical Corp. had a negative net margin of 42.51% and a negative return on equity of 85.96%. The company earned $36.15 million during the quarter, compared to the consensus estimate of $38.90 million. During the same period in the previous year, the firm posted ($4.05) EPS. The firm’s revenue was down 1.7% compared to the same quarter last year. On average, equities research analysts predict that Ion Geophysical Corp. will post ($7.28) earnings per share for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. TFS Capital LLC bought a new stake in Ion Geophysical Corp. during the second quarter worth about $165,000. DUPONT CAPITAL MANAGEMENT Corp bought a new stake in Ion Geophysical Corp. during the second quarter worth about $189,000. Paloma Partners Management Co bought a new stake in Ion Geophysical Corp. during the second quarter worth about $232,000. Brookfield Asset Management Inc. bought a new stake in Ion Geophysical Corp. during the second quarter worth about $235,000. Finally, Wolverine Asset Management LLC bought a new stake in Ion Geophysical Corp. during the second quarter worth about $296,000. 41.70% of the stock is owned by 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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