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

Expro Group Holdings (NYSE:XPRO)’s stock price hit a new 52-week low on Monday . The stock traded as low as $10.70 and last traded at $10.83, with a volume of 860196 shares changing hands. The stock had previously closed at $11.89.

Analyst Ratings Changes

Separately, The Goldman Sachs Group started coverage on Expro Group in a report on Friday, December 13th. They issued a “neutral” rating and a $18.00 target price on the stock.

Expro Group Trading Down 8.9 %

The company has a current ratio of 1.98, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $1.26 billion, a P/E ratio of 77.36, a P/E/G ratio of 1.28 and a beta of 0.99. The business’s fifty day simple moving average is $13.13 and its two-hundred day simple moving average is $14.78.

Insider Buying and Selling

In other Expro Group news, CEO Michael Jardon acquired 45,200 shares of Expro Group stock in a transaction dated Tuesday, December 17th. The stock was bought at an average cost of $10.91 per share, with a total value of $493,132.00. Following the acquisition, the chief executive officer now owns 336,674 shares of the company’s stock, valued at approximately $3,673,113.34. The trade was a 15.51 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Wayne Drummond, Jr. bought 18,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were acquired at an average price of $11.39 per share, for a total transaction of $205,020.00. Following the completion of the transaction, the director now owns 69,181 shares in the company, valued at $787,971.59. This represents a 35.17 % increase in their position. The disclosure for this purchase can be found here. 1.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XPRO. R Squared Ltd acquired a new position in shares of Expro Group in the 4th quarter worth approximately $27,000. Sterling Capital Management LLC grew its position in Expro Group by 824.7% in the fourth quarter. Sterling Capital Management LLC now owns 3,033 shares of the company’s stock valued at $38,000 after acquiring an additional 2,705 shares during the period. US Bancorp DE raised its stake in Expro Group by 56.0% during the fourth quarter. US Bancorp DE now owns 4,171 shares of the company’s stock worth $52,000 after acquiring an additional 1,497 shares in the last quarter. KBC Group NV lifted its holdings in shares of Expro Group by 75.3% during the fourth quarter. KBC Group NV now owns 5,968 shares of the company’s stock valued at $74,000 after acquiring an additional 2,563 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in shares of Expro Group during the third quarter valued at $171,000. Institutional investors own 92.07% of the company’s stock.

About Expro Group

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.