Ion Geophysical Corp. (IO) Director James M. Lapeyre, Jr. Buys 5,900 Shares
Ion Geophysical Corp. (NYSE:IO) Director James M. Lapeyre, Jr. purchased 5,900 shares of the business’s stock in a transaction that occurred on Friday, October 14th. The stock was acquired at an average price of $6.08 per share, for a total transaction of $35,872.00. Following the purchase, the director now owns 157,773 shares of the company’s stock, valued at approximately $959,259.84. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
Ion Geophysical Corp. (NYSE:IO) traded down 1.67% on Monday, hitting $5.90. The company had a trading volume of 16,565 shares. The firm’s 50 day moving average price is $6.09 and its 200 day moving average price is $6.65. The stock’s market cap is $69.54 million. Ion Geophysical Corp. has a 12-month low of $2.55 and a 12-month high of $10.50.
Ion Geophysical Corp. (NYSE:IO) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($1.85) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.86) by $0.01. Ion Geophysical Corp. had a negative net margin of 42.51% and a negative return on equity of 85.96%. The business had revenue of $36.15 million for the quarter, compared to the consensus estimate of $38.90 million. During the same period in the prior year, the business posted ($4.05) earnings per share. Ion Geophysical Corp.’s revenue for the quarter was down 1.7% compared to the same quarter last year. Equities analysts predict that Ion Geophysical Corp. will post ($7.28) earnings per share for the current fiscal year.
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Institutional investors have recently bought and sold shares of the company. Oxford Asset Management increased its position in Ion Geophysical Corp. by 192.8% in the second quarter. Oxford Asset Management now owns 112,733 shares of the company’s stock worth $702,000 after buying an additional 74,225 shares during the period. Bridgeway Capital Management Inc. increased its position in Ion Geophysical Corp. by 148.1% in the second quarter. Bridgeway Capital Management Inc. now owns 109,150 shares of the company’s stock worth $680,000 after buying an additional 65,150 shares during the period. Osterweis Capital Management Inc. bought a new position in Ion Geophysical Corp. during the second quarter worth $648,000. Spark Investment Management LLC increased its position in Ion Geophysical Corp. by 47.6% in the second quarter. Spark Investment Management LLC now owns 73,200 shares of the company’s stock worth $456,000 after buying an additional 23,600 shares during the period. Finally, Pax World Management LLC bought a new position in Ion Geophysical Corp. during the second quarter worth $312,000. 41.70% of the stock is currently owned by institutional investors and hedge funds.
About Ion Geophysical Corp.
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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