Ion Geophysical Corp (NYSE:IO) CEO R Brian Hanson bought 36,351 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was purchased at an average price of $13.05 per share, with a total value of $474,380.55. Following the transaction, the chief executive officer now owns 154,325 shares in the company, valued at approximately $2,013,941.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Ion Geophysical Corp (IO) opened at $17.35 on Wednesday. Ion Geophysical Corp has a 12-month low of $3.20 and a 12-month high of $17.45. The company has a debt-to-equity ratio of 3.88, a current ratio of 0.89 and a quick ratio of 0.78.
Ion Geophysical (NYSE:IO) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.37) by $0.78. Ion Geophysical had a negative return on equity of 102.40% and a negative net margin of 20.19%. The business had revenue of $61.10 million during the quarter. During the same quarter in the prior year, the firm earned ($3.30) EPS.
Separately, ValuEngine upgraded Ion Geophysical from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th.
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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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