Innovex International (NYSE:INVX - Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Monday, February 24th. Analysts expect Innovex International to post earnings of $0.26 per share for the quarter.
Innovex International Stock Up 1.5 %
Innovex International stock traded up $0.25 during mid-day trading on Thursday, hitting $17.05. The company's stock had a trading volume of 298,567 shares, compared to its average volume of 404,454. The firm has a market capitalization of $1.15 billion, a PE ratio of 12.09 and a beta of 0.89. Innovex International has a twelve month low of $12.54 and a twelve month high of $25.19. The firm's fifty day simple moving average is $15.36. The company has a quick ratio of 2.17, a current ratio of 3.87 and a debt-to-equity ratio of 0.01.
Insider Activity
In other Innovex International news, CFO Kendal Reed purchased 3,765 shares of the stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of $13.28 per share, for a total transaction of $49,999.20. Following the completion of the acquisition, the chief financial officer now owns 186,232 shares of the company's stock, valued at $2,473,160.96. This represents a 2.06 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.10% of the stock is owned by company insiders.
Analysts Set New Price Targets
INVX has been the topic of a number of recent analyst reports. Barclays cut their target price on Innovex International from $21.00 to $15.00 and set an "underweight" rating on the stock in a research report on Tuesday, November 26th. Pickering Energy Partners raised Innovex International from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th.
View Our Latest Analysis on INVX
About Innovex International
(
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Innovex International, Inc engages in the provision of solutions for both onshore and offshore applications within the oil and gas industry. The company was founded on September 15, 2016 and is headquartered in Humble, TX.
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