Exponent (NASDAQ:EXPO) Hits New 1-Year Low - Here's What Happened

Exponent, Inc. (NASDAQ:EXPO - Get Free Report)'s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $76.64 and last traded at $76.78, with a volume of 403 shares traded. The stock had previously closed at $78.52.

Exponent Stock Up 5.3 %

The stock has a market capitalization of $4.05 billion, a PE ratio of 37.77 and a beta of 0.84. The business's 50-day moving average is $84.51 and its two-hundred day moving average is $94.03.

Exponent (NASDAQ:EXPO - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. Exponent had a return on equity of 27.27% and a net margin of 19.52%. During the same quarter in the prior year, the firm posted $0.41 EPS. As a group, analysts anticipate that Exponent, Inc. will post 1.98 EPS for the current year.

Insider Buying and Selling

In other Exponent news, VP Richard Reiss sold 1,736 shares of Exponent stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $85.93, for a total value of $149,174.48. Following the transaction, the vice president now directly owns 1,800 shares in the company, valued at approximately $154,674. This trade represents a 49.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Exponent

Hedge funds have recently modified their holdings of the stock. Private Trust Co. NA increased its stake in Exponent by 129.8% in the 4th quarter. Private Trust Co. NA now owns 278 shares of the business services provider's stock valued at $25,000 after buying an additional 157 shares during the period. Atala Financial Inc acquired a new position in shares of Exponent during the fourth quarter worth about $25,000. Westside Investment Management Inc. purchased a new position in Exponent during the third quarter worth about $26,000. Tortoise Investment Management LLC lifted its position in Exponent by 76.7% in the fourth quarter. Tortoise Investment Management LLC now owns 440 shares of the business services provider's stock valued at $39,000 after purchasing an additional 191 shares during the period. Finally, Trust Co. of Vermont purchased a new stake in Exponent in the 4th quarter valued at approximately $45,000. 92.37% of the stock is owned by institutional investors and hedge funds.

About Exponent

Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company in the United States and internationally. The company operates in two segments, Engineering and Other Scientific, and Environmental and Health. The Engineering and Other Scientific segment provides services in the areas of biomechanics, biomedical engineering and sciences, buildings and structures, civil engineering, construction consulting, data sciences, electrical engineering and computer science, human factors, materials and corrosion engineering, mechanical engineering, polymer science and materials chemistry, thermal sciences, and vehicle engineering.