Innovex International, Inc. (NYSE:INVX - Get Free Report) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as $12.60 and last traded at $12.97, with a volume of 56325 shares changing hands. The stock had previously closed at $12.90.
Analyst Ratings Changes
Separately, Barclays reduced their target price on shares of Innovex International from $21.00 to $15.00 and set an "underweight" rating on the stock in a research report on Tuesday, November 26th.
Check Out Our Latest Report on Innovex International
Innovex International Price Performance
The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 3.87. The stock has a market cap of $843.25 million, a price-to-earnings ratio of 8.89 and a beta of 0.88.
Insider Buying and Selling
In related news, CFO Kendal Reed purchased 3,765 shares of the company's stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of $13.28 per share, for a total transaction of $49,999.20. Following the completion of the purchase, the chief financial officer now owns 186,232 shares in the company, valued at approximately $2,473,160.96. This represents a 2.06 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.10% of the company's stock.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Innovex International stock. Principal Financial Group Inc. purchased a new position in shares of Innovex International, Inc. (NYSE:INVX - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 162,356 shares of the company's stock, valued at approximately $2,383,000. Principal Financial Group Inc. owned about 0.24% of Innovex International as of its most recent filing with the Securities and Exchange Commission (SEC).
About Innovex International
(
Get Free Report)
Innovex Downhole Solutions Inc designs, manufactures and installs mission-critical drilling & deployment, well construction, completion, production and fishing & intervention solutions to support upstream onshore and offshore activities. Innovex Downhole Solutions Inc, formerly known as Dril-Quip, is based in HOUSTON.
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