Insider Buying: R Brian Hanson Buys 20,000 Shares of ION Geophysical Corp. Stock (IO)
ION Geophysical Corp. (NYSE:IO) CEO R Brian Hanson bought 20,000 shares of the stock on the open market in a transaction dated Wednesday, September 3rd. The shares were purchased at an average price of $3.34 per share, with a total value of $66,800.00. Following the purchase, the chief executive officer now directly owns 228,009 shares in the company, valued at approximately $761,550. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of ION Geophysical Corp. (NYSE:IO) traded up 6.23% during mid-day trading on Wednesday, hitting $3.41. The stock had a trading volume of 2,289,157 shares. ION Geophysical Corp. has a one year low of $2.81 and a one year high of $5.52. The stock’s 50-day moving average is $3.64 and its 200-day moving average is $4.05. The company’s market cap is $559.5 million.
ION Geophysical Corp. (NYSE:IO) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.01 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.01. The company had revenue of $121.50 million for the quarter, compared to the consensus estimate of $124.95 million. The company’s quarterly revenue was up .5% on a year-over-year basis. On average, analysts predict that ION Geophysical Corp. will post $0.09 earnings per share for the current fiscal year.
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.
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