The EVP, Ocean Bottom Services of Ion Geophysical Corp. (NYSE: IO) is Selling Shares

Today, the EVP, Ocean Bottom Services of Ion Geophysical Corp. (NYSE: IO), Colin Hulme, sold shares of IO for $13.22K.

In addition to Colin Hulme, 9 other IO executives reported Sell trades in the last month. This is Hulme’s first Sell trade following 3 Buy transactions.

Based on Ion Geophysical Corp.’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $78.62 million and quarterly net profit of $1.7 million. In comparison, last year the company earned revenue of $66.67 million and had a GAAP net loss of $20.38 million. The company has a one year high of $10.42 and a one year low of $2.55. Currently, Ion Geophysical Corp. has an average volume of 65.78K.

The insider sentiment on Ion Geophysical Corp. has been positive according to 70 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

ION Geophysical Corp. is a global, technology focused company that provides geoscience technology, services and solutions to the global oil and gas industry. The company’s offerings are designed to allow oil and gas exploration and production companies to obtain higher resolution images of the Earth’s subsurface during exploration, exploitation and production operations to reduce their risk in exploration and reservoir development. It operates through four business segments: Solutions, Systems, Software and Ocean Bottom Services. The Solutions segment includes advanced seismic data processing services for marine and land environments, reservoir solutions, onboard processing, quality control, seismic data libraries and Integrated Seismic Solutions. The Systems segment includes towed streamer, redeployable ocean bottom cable seismic data acquisition systems, shipboard recorders, streamer positioning, control systems, energy sources and analog geophone sensors. The Software segment comprises of software systems and related services for navigation and data management involving towed marine streamer and seabed operations. The Ocean Bottom Services segment is comprised of OceanGeo, in which the company increased its ownership from 30% to 100% in 2014. The company was founded in 1968 and is headquartered in Houston, TX.