NEW YORK (

TheStreet

) --

ION Geophysical Corporation

(NYSE:

IO

) hit a new 52-week high Wednesday as it traded at $12.79 compared with its previous 52-Week high of $12.77. ION Geophysical is changing hands at $12.76 with 813,298 shares traded as of 11:11 a.m. ET. Average volume has been 1.8 million shares over the past 30 days.

ION Geophysical has a market cap of $1.9 billion and is part of the

technology

sector and

electronics

industry. Shares are up 44.2% year to date as of the close of trading on Tuesday.

ION Geophysical Corporation provides geophysical technology, services, and solutions for the oil and gas industry worldwide. It operates in four segments: Land Imaging Systems, Marine Imaging Systems, Data Management Solutions, and ION Solutions. The company has a P/E ratio of 76.1, above the S&P 500 P/E ratio of 23.2.

TheStreet Ratings rates ION Geophysical as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full

ION Geophysical Ratings Report

.

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