Ion Geophysical Corp. (IO) Stock Price Down 0.8%
Shares of Ion Geophysical Corp. (NYSE:IO) fell 0.8% on Monday . The company traded as low as $6.03 and last traded at $6.12, with a volume of 76,233 shares trading hands. The stock had previously closed at $6.17.
The firm’s market cap is $73.60 million. The firm’s 50 day moving average price is $6.60 and its 200-day moving average price is $6.68.
Ion Geophysical Corp. (NYSE:IO) last posted its earnings results on Wednesday, May 4th. The company reported ($3.30) EPS for the quarter, missing the consensus estimate of ($1.20) by $2.10. During the same quarter in the previous year, the company posted ($4.65) EPS. The company had revenue of $22.70 million for the quarter, compared to analyst estimates of $50 million. Ion Geophysical Corp.’s revenue for the quarter was down 44.1% compared to the same quarter last year. Equities analysts expect that Ion Geophysical Corp. will post ($7.24) EPS for the current year.
In other news, Director James M. Lapeyre, Jr. purchased 46,000 shares of the company’s stock in a transaction dated Thursday, June 30th. The shares were purchased at an average price of $5.77 per share, for a total transaction of $265,420.00. Following the transaction, the director now owns 627,309 shares of the company’s stock, valued at $3,619,572.93. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David H. Barr purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, June 1st. The stock was purchased at an average price of $6.95 per share, for a total transaction of $69,500.00. Following the transaction, the director now directly 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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