ION Geophysical (IO) Drops 7.62% on January 12

Equities Staff |

ION Geophysical (IO) was one of the Russell 2000's biggest losers for Tuesday January 12 as the stock slid 7.62% to $0.40, a loss of $-0.033 per share. Starting at an opening price of $0.45 a share, the stock traded between $0.39 and $0.48 over the course of the trading day. Volume was 605,450 shares over 2,253 trades, against an average daily volume of 1.05 million shares and a total float of 164.79 million.

The losses send ION Geophysical down to a market cap of $65.92 million. In the last year, ION Geophysical has traded between $2.76 and $0.26, and its 50-day SMA is currently $0.46 and 200-day SMA is $0.99.

ION Geophysical Corp provides geophysical technology, services and solutions to the oil & gas industry. The Company provides images of the Earth's subsurface during exploration, exploitation and production operations.

ION Geophysical is based out of Houston, TX and has some 879 employees. Its CEO is R. Brian Hanson.

For a complete fundamental analysis analysis of ION Geophysical, check out Equities.com’s Stock Valuation Analysis report for IO. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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