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.

COPYRIGHT VIOLATION NOTICE: “Ion Geophysical Corporation (IO) Stock Price Up 75%” was first posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at https://www.watchlistnews.com/ion-geophysical-corporation-io-stock-price-up-75/1678428.html.

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.

Receive News & Ratings for Ion Geophysical Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ion Geophysical Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.