Expro Group (NYSE:XPRO) Hits New 52-Week Low – Here’s What Happened

Expro Group Holdings (NYSE:XPRO)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $9.70 and last traded at $9.82, with a volume of 30705 shares traded. The stock had previously closed at $10.10.

Analysts Set New Price Targets

Several analysts have recently weighed in on XPRO shares. The Goldman Sachs Group began coverage on shares of Expro Group in a research note on Friday, December 13th. They issued a “neutral” rating and a $18.00 price objective for the company. Barclays decreased their price target on shares of Expro Group from $17.00 to $14.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th.

Expro Group Stock Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.62. The company has a fifty day moving average price of $11.95 and a 200 day moving average price of $13.48. The stock has a market cap of $1.15 billion, a P/E ratio of 70.83, a P/E/G ratio of 1.28 and a beta of 1.12.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Intech Investment Management LLC bought a new stake in shares of Expro Group during the third quarter worth about $477,000. Charles Schwab Investment Management Inc. increased its holdings in Expro Group by 20.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,052,729 shares of the company’s stock worth $18,075,000 after purchasing an additional 176,132 shares in the last quarter. Walleye Capital LLC raised its stake in shares of Expro Group by 199.2% in the third quarter. Walleye Capital LLC now owns 27,457 shares of the company’s stock worth $471,000 after purchasing an additional 18,280 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Expro Group in the third quarter worth approximately $1,174,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of Expro Group in the third quarter valued at approximately $171,000. Institutional investors and hedge funds own 92.07% of the company’s stock.

Expro Group Company Profile

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity solutions.