Shares of Ion Geophysical Corporation (NYSE:IO) rose 75% during trading on Friday . The stock traded as high as $11.95 and last traded at $13.65. Approximately 279,609 shares were traded during trading, an increase of 165% from the average daily volume of 105,367 shares. The stock had previously closed at $7.80.

Separately, ValuEngine upgraded shares of Ion Geophysical Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th.

The company has a current ratio of 0.89, a quick ratio of 0.69 and a debt-to-equity ratio of 3.88.

Ion Geophysical Corporation (NYSE:IO) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.78. The firm had revenue of $61.10 million during the quarter. Ion Geophysical Corporation had a negative return on equity of 102.40% and a negative net margin of 20.19%. During the same period in the prior year, the firm posted ($3.30) earnings per share.

In other Ion Geophysical Corporation news, EVP Jamey S. Seely sold 12,500 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $5.02, for a total transaction of $62,750.00. Following the completion of the sale, the executive vice president now directly owns 103,935 shares of the company’s stock, valued at approximately $521,753.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 15.20% of the company’s stock.

A hedge fund recently raised its stake in Ion Geophysical Corporation stock. JPMorgan Chase & Co. increased its holdings in Ion Geophysical Corporation (NYSE:IO) by 0.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,783 shares of the oil and gas company’s stock after acquiring an additional 481 shares during the period. JPMorgan Chase & Co. owned about 0.81% of Ion Geophysical Corporation worth $464,000 at the end of the most recent quarter. 33.57% of the stock is currently owned by institutional investors and hedge funds.

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Ion Geophysical Corporation 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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