Expro Group (NYSE:XPRO) Reaches New 1-Year 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 $7.34 and last traded at $7.74, with a volume of 489410 shares. The stock had previously closed at $7.92.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Barclays dropped their target price on shares of Expro Group from $17.00 to $14.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. The Goldman Sachs Group began coverage on Expro Group in a report on Friday, December 13th. They set a “neutral” rating and a $18.00 price objective on the stock.

Expro Group Trading Down 1.2 %

The business’s 50-day moving average price is $11.53 and its 200-day moving average price is $13.22. The firm has a market capitalization of $910.66 million, a PE ratio of 55.90, a price-to-earnings-growth ratio of 1.28 and a beta of 0.98. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.62.

Institutional Trading of Expro Group

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in shares of Expro Group by 479.8% in the third quarter. JPMorgan Chase & Co. now owns 251,883 shares of the company’s stock valued at $4,325,000 after buying an additional 208,443 shares during the last quarter. Barclays PLC raised its stake in Expro Group by 40.1% during the 3rd quarter. Barclays PLC now owns 473,492 shares of the company’s stock valued at $8,129,000 after acquiring an additional 135,481 shares during the last quarter. Bryce Point Capital LLC acquired a new stake in Expro Group during the 4th quarter worth approximately $1,527,000. Point72 Asset Management L.P. acquired a new stake in Expro Group during the 3rd quarter worth approximately $3,213,000. Finally, Essex Investment Management Co. LLC grew its stake in shares of Expro Group by 24.3% in the 4th quarter. Essex Investment Management Co. LLC now owns 147,964 shares of the company’s stock valued at $1,845,000 after purchasing an additional 28,911 shares during the last quarter. Institutional investors and hedge funds 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.