Innovex International, Inc. (NYSE:INVX - Get Free Report)'s stock price rose 2.7% during trading on Wednesday . The company traded as high as $13.99 and last traded at $13.56. Approximately 515,425 shares were traded during trading, an increase of 66% from the average daily volume of 309,713 shares. The stock had previously closed at $13.20.
Analysts Set New Price Targets
Separately, Barclays lowered their price target 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.
View Our Latest Analysis on Innovex International
Innovex International Stock Performance
The company has a market capitalization of $895.03 million, a PE ratio of 9.44 and a beta of 0.88. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 3.87.
Insider Activity
In related news, CFO Kendal Reed purchased 3,765 shares of Innovex International stock in a transaction dated Friday, December 13th. The shares were bought at an average cost of $13.28 per share, for a total transaction of $49,999.20. Following the purchase, the chief financial officer now owns 186,232 shares in the company, valued at approximately $2,473,160.96. This trade represents a 2.06 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.10% of the stock is currently owned by corporate insiders.
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Innovex International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Innovex International wasn't on the list.
While Innovex International currently has a "Sell" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
