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

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

Analyst Upgrades and Downgrades

XPRO has been the topic of a number of recent research reports. Barclays reduced their price objective on Expro Group from $17.00 to $14.00 and set an "overweight" rating on the stock in a research note on Wednesday. The Goldman Sachs Group began coverage on Expro Group in a research report on Friday, December 13th. They set a "neutral" rating and a $18.00 price target on the stock.

Expro Group Stock Up 4.1 %

The company has a market capitalization of $1.24 billion, a P/E ratio of 76.03, a PEG ratio of 1.28 and a beta of 1.12. 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 50 day moving average of $13.04 and a 200-day moving average of $14.64.

Insider Buying and Selling at Expro Group

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

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Hedge Funds Weigh In On Expro Group

Several large investors have recently made changes to their positions in the business. Loomis Sayles & Co. L P purchased a new position in Expro Group in the third quarter worth about $16,159,000. JPMorgan Chase & Co. increased its position in shares of Expro Group by 479.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 251,883 shares of the company's stock valued at $4,325,000 after purchasing an additional 208,443 shares during the last quarter. Barclays PLC lifted its stake in shares of Expro Group by 40.1% in the 3rd quarter. Barclays PLC now owns 473,492 shares of the company's stock worth $8,129,000 after purchasing an additional 135,481 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Expro Group by 32.7% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 568,248 shares of the company's stock worth $9,757,000 after buying an additional 140,189 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Expro Group by 20.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,052,729 shares of the company's stock valued at $18,075,000 after buying an additional 176,132 shares during the period. 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.