ValuEngine lowered shares of Ion Geophysical (NYSE:IO) from a hold rating to a sell rating in a research note released on Friday.
Ion Geophysical (NYSE IO) traded up $0.90 during trading hours on Friday, reaching $14.05. The company had a trading volume of 142,800 shares, compared to its average volume of 84,007. The company has a quick ratio of 0.78, a current ratio of 0.89 and a debt-to-equity ratio of 3.88. Ion Geophysical has a 1-year low of $3.20 and a 1-year high of $15.30.
Ion Geophysical (NYSE:IO) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.37) by $0.78. The business had revenue of $61.10 million during the quarter. Ion Geophysical had a negative return on equity of 102.40% and a negative net margin of 20.19%. During the same period in the previous year, the business posted ($3.30) earnings per share.
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Ion Geophysical Company Profile
ION Geophysical Corporation is a technology-focused company. It provides geophysical technology, services and solutions to the global oil and gas industry. Its offerings are designed to enable oil and gas exploration and production (E&P) companies to obtain images of the Earth’s subsurface. It offers services and products through three segments: E&P Technology & Services, E&P Operations Optimization, and Ocean Bottom Services.
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