Expro Group (NYSE:XPRO) Sets New 12-Month Low - Here's What Happened

Expro Group Holdings (NYSE:XPRO - Get Free Report)'s share price hit a new 52-week low during trading on Friday . The stock traded as low as $12.39 and last traded at $12.43, with a volume of 126974 shares trading hands. The stock had previously closed at $13.11.

Wall Street Analysts Forecast Growth

Separately, Barclays cut their price target on Expro Group from $28.00 to $18.00 and set an "overweight" rating on the stock in a research note on Monday, October 28th.

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 firm has a market cap of $1.40 billion, a price-to-earnings ratio of 84.93, a P/E/G ratio of 1.56 and a beta of 1.00. The firm has a fifty day simple moving average of $14.72 and a two-hundred day simple moving average of $18.69.

Expro Group (NYSE:XPRO - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. Expro Group had a return on equity of 3.70% and a net margin of 0.98%. The business had revenue of $422.83 million during the quarter, compared to the consensus estimate of $436.62 million. During the same quarter last year, the company earned ($0.11) earnings per share. The company's quarterly revenue was up 14.3% on a year-over-year basis. On average, analysts expect that Expro Group Holdings will post 0.7 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in Expro Group by 7.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,334,758 shares of the company's stock valued at $76,435,000 after acquiring an additional 219,432 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Expro Group in the second quarter valued at approximately $9,811,000. Loomis Sayles & Co. L P purchased a new stake in shares of Expro Group in the third quarter valued at approximately $16,159,000. Westfield Capital Management Co. LP purchased a new stake in shares of Expro Group in the third quarter valued at approximately $26,481,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Expro Group in the second quarter valued at approximately $10,288,000. 92.07% of the stock is currently owned by hedge funds and other institutional investors.

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.