Ion Geophysical Corp. (NYSE:IO) Director James M. Lapeyre, Jr. bought 5,900 shares of the stock in a transaction on Friday, October 14th. The stock was bought at an average price of $6.08 per share, for a total transaction of $35,872.00. Following the completion of the purchase, the director now directly owns 157,773 shares in the company, valued at approximately $959,259.84. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Ion Geophysical Corp. (NYSE:IO) traded down 1.67% on Monday, hitting $5.90. The company’s stock had a trading volume of 16,565 shares. Ion Geophysical Corp. has a 1-year low of $2.55 and a 1-year high of $10.50. The company has a 50 day moving average of $6.09 and a 200 day moving average of $6.65. The firm’s market cap is $69.54 million.

Ion Geophysical Corp. (NYSE:IO) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($1.85) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.86) by $0.01. Ion Geophysical Corp. had a negative return on equity of 85.96% and a negative net margin of 42.51%. The business had revenue of $36.15 million for the quarter, compared to analysts’ expectations of $38.90 million. During the same quarter in the previous year, the firm posted ($4.05) earnings per share. The company’s revenue was down 1.7% compared to the same quarter last year. Equities analysts forecast that Ion Geophysical Corp. will post ($7.28) EPS for the current year.

Insider Buying and Selling by Quarter for Ion Geophysical Corp. (NYSE:IO)

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TFS Capital LLC acquired a new position in Ion Geophysical Corp. during the second quarter valued at approximately $165,000. DUPONT CAPITAL MANAGEMENT Corp acquired a new position in Ion Geophysical Corp. during the second quarter valued at approximately $189,000. Paloma Partners Management Co acquired a new position in Ion Geophysical Corp. during the second quarter valued at approximately $232,000. Brookfield Asset Management Inc. acquired a new position in Ion Geophysical Corp. during the second quarter valued at approximately $235,000. Finally, Wolverine Asset Management LLC acquired a new position in Ion Geophysical Corp. during the second quarter valued at approximately $296,000. Institutional investors and hedge funds own 41.70% 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.

5 Day Chart for NYSE:IO

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