Expro Group (NYSE:XPRO) Shares Down 6.5% - Should You Sell?

Expro Group Holdings (NYSE:XPRO - Get Free Report)'s share price was down 6.5% during mid-day trading on Wednesday . The company traded as low as $12.16 and last traded at $12.13. Approximately 607,443 shares traded hands during trading, a decline of 39% from the average daily volume of 1,001,889 shares. The stock had previously closed at $12.97.

Analyst Ratings Changes

Separately, The Goldman Sachs Group began coverage on shares of Expro Group in a research report on Friday, December 13th. They set a "neutral" rating and a $18.00 price target for the company.

Expro Group Stock Performance

The business's 50-day moving average price is $13.15 and its 200-day moving average price is $14.85. The stock has a market cap of $1.38 billion, a P/E ratio of 84.64, a P/E/G ratio of 1.28 and a beta of 0.99. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.98.

Insiders Place Their Bets

In other Expro Group news, Director Robert Wayne Drummond, Jr. bought 18,000 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was purchased 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 of the company's stock, valued at $787,971.59. This trade represents a 35.17 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Jardon purchased 45,200 shares of the stock in a transaction that occurred 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 owns 336,674 shares in the company, valued at $3,673,113.34. This represents a 15.51 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.50% of the company's stock.

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Institutional Investors Weigh In On Expro Group

Institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE boosted its position in shares of 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Expro Group by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,822 shares of the company's stock worth $671,000 after purchasing an additional 1,989 shares in the last quarter. R Squared Ltd bought a new position in shares of Expro Group during the 4th quarter valued at about $27,000. Rhumbline Advisers grew its position in shares of Expro Group by 1.6% during the fourth quarter. Rhumbline Advisers now owns 153,159 shares of the company's stock valued at $1,910,000 after purchasing an additional 2,477 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of Expro Group by 75.3% in the fourth quarter. KBC Group NV now owns 5,968 shares of the company's stock worth $74,000 after purchasing an additional 2,563 shares during the last quarter. 92.07% of the stock is owned by hedge funds and other institutional investors.

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.