Innovex International, Inc. (NYSE:INVX - Get Free Report) was down 5.8% during trading on Tuesday . The stock traded as low as $15.79 and last traded at $15.81. Approximately 95,164 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 428,774 shares. The stock had previously closed at $16.78.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on INVX shares. Pickering Energy Partners raised shares of Innovex International from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Barclays cut their price objective 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.
Check Out Our Latest Research Report on INVX
Innovex International Stock Down 1.9 %
The company has a 50-day moving average price of $15.13. The company has a quick ratio of 2.17, a current ratio of 3.87 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 11.06 and a beta of 0.89.
Insider Buying and Selling
In other Innovex International news, CFO Kendal Reed bought 3,765 shares of the business's stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of $13.28 per share, with a total value of $49,999.20. Following the transaction, the chief financial officer now owns 186,232 shares of the company's stock, valued at approximately $2,473,160.96. The trade was a 2.06 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.10% of the stock is owned by insiders.
Hedge Funds Weigh In On Innovex International
A number of institutional investors and hedge funds have recently added to or reduced their stakes in INVX. Louisiana State Employees Retirement System lifted its position in shares of Innovex International by 9.0% during the 4th quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the company's stock worth $254,000 after buying an additional 1,500 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Innovex International by 8.9% in the fourth quarter. State of Alaska Department of Revenue now owns 21,402 shares of the company's stock valued at $298,000 after acquiring an additional 1,741 shares during the last quarter. Empowered Funds LLC boosted its stake in Innovex International by 5.0% in the fourth quarter. Empowered Funds LLC now owns 53,745 shares of the company's stock valued at $751,000 after acquiring an additional 2,569 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Innovex International by 4.0% during the fourth quarter. Rhumbline Advisers now owns 112,143 shares of the company's stock worth $1,567,000 after purchasing an additional 4,297 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Innovex International during the fourth quarter worth about $63,000.
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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