IO - Shares of Ion Geophysical Corporation (IO) Surpass 52-Week Low

Ion Geophysical Corporation (NYSE:IO) traded at a new 52-week low today of $1.31. This new low was reached on below average trading volume as 610,000 shares traded hands, while the average 30-day volume is approximately 1.2 million shares.

ION Geophysical Corp is a United States-based technology-focused company, which provides geoscience products, services, and solutions to the global oil and gas industry. The company operates through two segments: E&P Technology & Services and E&P Operations Optimization. It generates the majority of its revenue comes from the Technology & Services segment which creates digital data assets and delivers services to E&P(exploration and production) companies. Its geographical segments are Latin America, North America, Europe, Asia Pacific, Africa, Middle East, and others.

In the past 52 weeks, shares of Ion Geophysical Corporation have traded between the current low of $1.31 and a high of $5.35 and is now at $1.35.

Based on a current price of $1.35, Ion Geophysical Corporation is currently 3.3% above its average consensus analyst price target of $1.30.

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