Ion Geophysical Corp. (NYSE:IO) Director James M. Lapeyre, Jr. purchased 9,100 shares of the stock in a transaction dated Tuesday, September 13th. The shares were purchased at an average price of $5.99 per share, with a total value of $54,509.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Ion Geophysical Corp. (NYSE:IO) opened at 5.79 on Monday. Ion Geophysical Corp. has a 52 week low of $2.55 and a 52 week high of $12.15. The stock has a 50 day moving average price of $5.57 and a 200 day moving average price of $6.76. The firm’s market capitalization is $68.24 million.

Ion Geophysical Corp. (NYSE:IO) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported ($1.85) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.86) by $0.01. Ion Geophysical Corp. had a negative return on equity of 85.96% and a negative net margin of 42.51%. The firm earned $36.15 million during the quarter, compared to the consensus estimate of $38.90 million. During the same period in the previous year, the firm posted ($4.05) EPS. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. Equities analysts forecast that Ion Geophysical Corp. will post ($7.24) earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. DUPONT CAPITAL MANAGEMENT Corp bought a new position in shares of Ion Geophysical Corp. during the second quarter valued at about $189,000. Pax World Management LLC acquired a new position in shares of Ion Geophysical Corp. during the second quarter valued at $312,000. Spark Investment Management LLC acquired a new position in shares of Ion Geophysical Corp. during the first quarter valued at $400,000. Oxford Asset Management increased its position in shares of Ion Geophysical Corp. by 192.8% in the second quarter. Oxford Asset Management now owns 112,733 shares of the company’s stock valued at $702,000 after buying an additional 74,225 shares during the period. Finally, Wolverine Asset Management LLC acquired a new position in shares of Ion Geophysical Corp. during the second quarter valued at $296,000. Hedge funds and other institutional investors own 42.76% of the company’s stock.

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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