Ion Geophysical Corp. (IO) Director James M. Lapeyre, Jr. Purchases 5,100 Shares
Ion Geophysical Corp. (NYSE:IO) Director James M. Lapeyre, Jr. acquired 5,100 shares of Ion Geophysical Corp. stock in a transaction that occurred on Monday, September 26th. The stock was purchased at an average cost of $5.93 per share, for a total transaction of $30,243.00. Following the completion of the transaction, the director now directly owns 157,773 shares in the company, valued at $935,593.89. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
Ion Geophysical Corp. (NYSE:IO) opened at 6.14 on Thursday. Ion Geophysical Corp. has a 12 month low of $2.55 and a 12 month high of $12.15. The stock’s 50 day moving average is $5.80 and its 200-day moving average is $6.77. The stock’s market capitalization is $72.37 million.
Ion Geophysical Corp. (NYSE:IO) last released its earnings results on Wednesday, August 3rd. The company reported ($1.85) EPS for the quarter, topping analysts’ consensus estimates of ($1.86) by $0.01. The business earned $36.15 million during the quarter, compared to analysts’ expectations 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 company’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($4.05) earnings per share. On average, equities research analysts expect that Ion Geophysical Corp. will post ($7.24) earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of the company. TFS Capital LLC acquired a new position in Ion Geophysical Corp. during the second quarter worth $165,000. DUPONT CAPITAL MANAGEMENT Corp acquired a new position in Ion Geophysical Corp. during the second quarter worth $189,000. Paloma Partners Management Co acquired a new position in Ion Geophysical Corp. during the second quarter worth $232,000. Brookfield Asset Management Inc. acquired a new position in Ion Geophysical Corp. during the second quarter worth $235,000. Finally, Wolverine Asset Management LLC acquired a new position in Ion Geophysical Corp. during the second quarter worth $296,000. Hedge funds and other institutional investors own 42.76% of the company’s stock.
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 & Stock 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 stocks with our FREE daily email newsletter.