Capital Directions Investment Advisors adds Ion Geophysical Corp (IO) to its portfolio

Ion Geophysical Corp (IO) : Capital Directions Investment Advisors added new position in Ion Geophysical Corp during the most recent quarter end. The investment management firm now holds 51 shares of Ion Geophysical Corp which is valued at $372 , the company said in a statement filed on Nov 14, 2016 with the SEC.

Other Hedge Funds, Including , Balyasny Asset Management sold out all of its stake in IO during the most recent quarter. The investment firm sold 10,314 shares of IO which is valued $75,189.Emerald Acquisition Ltd. reduced its stake in IO by selling 1,000 shares or 18.05% in the most recent quarter. The Hedge Fund company now holds 4,539 shares of IO which is valued at $29,504.

Ion Geophysical Corp closed down -0.1 points or -1.34% at $7.35 with 65,777 shares getting traded on Monday. Post opening the session at $7.45, the shares hit an intraday low of $7.1501 and an intraday high of $7.5 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Ion Geophysical Corp reported $0.14 EPS for the quarter, beating the analyst consensus estimate by $ 1.67 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $-1.53. The company had revenue of $78.62 million for the quarter, compared to analysts expectations of $44.00 million. The company’s revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.10 EPS.

ION Geophysical Corporation (ION) is a global 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). Its Solutions segment offers GeoVentures service and GX Technology. The Systems segment is engaged in the manufacture of marine acquisition systems consisting of towed marine streamers and shipboard electronics that collect seismic data in water depths of over 30 meters. The Software segment provides command and control software systems related software and services for towed marine streamer and seabed operations as well as survey design. Through the addition of OceanGeo ION offers an integrated OBS solution that includes survey design planning and optimization.

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