Ion Geophysical Corp. (IO) Stock Price Down 4.9%
Ion Geophysical Corp. (NYSE:IO) shares were down 4.9% during trading on Tuesday . The company traded as low as $5.75 and last traded at $5.79, with a volume of 55,447 shares trading hands. The stock had previously closed at $6.09.
The stock’s market cap is $69.27 million. The company’s 50-day moving average price is $6.46 and its 200 day moving average price is $6.63.
Ion Geophysical Corp. (NYSE:IO) last posted its quarterly earnings data on Wednesday, May 4th. The company reported ($3.30) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.20) by $2.10. The company earned $22.70 million during the quarter, compared to the consensus estimate of $50 million. During the same period in the previous year, the business posted ($4.65) earnings per share. The firm’s quarterly revenue was down 44.1% compared to the same quarter last year. Equities analysts forecast that Ion Geophysical Corp. will post ($7.24) earnings per share for the current fiscal year.
In other Ion Geophysical Corp. news, Director James M. Lapeyre, Jr. bought 46,000 shares of Ion Geophysical Corp. stock in a transaction on Thursday, June 30th. The stock was acquired at an average price of $5.77 per share, with a total value of $265,420.00. Following the acquisition, the director now owns 627,309 shares in the company, valued at $3,619,572.93. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David H. Barr bought 10,000 shares of Ion Geophysical Corp. stock in a transaction on Wednesday, June 1st. The stock was acquired at an average cost of $6.95 per share, with a total value of $69,500.00. Following the acquisition, the director now owns 20,433 shares in the company, valued at approximately $142,009.35. The disclosure for this purchase can be found here.
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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