ION Geophysical Corp. Sets New 1-Year Low at $4.30 (IO)
ION Geophysical Corp. (NYSE:IO) set a new 52-week low on Friday, Stock Ratings News reports. The company traded as low as $4.30 and last traded at $4.70, with a volume of 3,110,710 shares. The stock had previously closed at $4.79.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of ION Geophysical Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, October 14th. They now have a $4.70 price target on the stock. Separately, analysts at Barclays raised their price target on shares of ION Geophysical Corp. from $8.00 to $9.00 in a research note to investors on Tuesday, September 3rd. They now have an “overweight” rating on the stock. Finally, analysts at TheStreet downgraded shares of ION Geophysical Corp. from a “hold” rating to a “sell” rating in a research note to investors on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. ION Geophysical Corp. presently has a consensus rating of “Hold” and a consensus price target of $7.07.
ION Geophysical Corp. has a one year low of $4.59 and a one year high of $7.70. The stock’s 50-day moving average is $5.21 and its 200-day moving average is $6.06. The company’s market cap is $746.0 million.
ION Geophysical Corp. (NYSE:IO) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.00 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.07 by $0.07. The company had revenue of $120.90 million for the quarter, compared to the consensus estimate of $127.48 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 14.9% on a year-over-year basis.
ION Geophysical Corporation (NYSE:IO) is a technology-focused seismic solutions company, which provides acquisition equipment, software and planning and seismic processing services to the global energy industry.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.