Ion Geophysical Corp. (IO) Shares Down 2.2%
Shares of Ion Geophysical Corp. (NYSE:IO) fell 2.2% on Friday . The stock traded as low as $5.22 and last traded at $5.39, with a volume of 65,212 shares trading hands. The stock had previously closed at $5.51.
The firm’s 50 day moving average is $5.79 and its 200 day moving average is $6.52. The company’s market capitalization is $65.90 million.
Ion Geophysical Corp. (NYSE:IO) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported ($1.85) EPS for the quarter, topping the consensus estimate of ($1.86) by $0.01. During the same period last year, the business earned ($4.05) EPS. The company earned $36.15 million during the quarter, compared to the consensus estimate of $38.90 million. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. Analysts forecast that Ion Geophysical Corp. will post ($7.24) EPS for the current fiscal year.
In other Ion Geophysical Corp. news, Director James M. Lapeyre, Jr. bought 46,000 shares of the business’s stock in a transaction that occurred on Thursday, June 30th. The stock was purchased at an average price of $5.77 per share, for a total transaction of $265,420.00. Following the completion of the transaction, the director now owns 627,309 shares of the company’s stock, valued at approximately $3,619,572.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David H. Barr bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 1st. The shares were acquired at an average price of $6.95 per share, with a total value of $69,500.00. Following the transaction, the director now directly owns 20,433 shares of the company’s stock, 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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