Expro Group (NYSE:XPRO) Stock Price Down 7.5% – Here’s Why

Expro Group Holdings (NYSE:XPRO)’s share price traded down 7.5% during trading on Tuesday . The stock traded as low as $7.31 and last traded at $7.22. 723,051 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 1,178,165 shares. The stock had previously closed at $7.81.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on XPRO shares. Barclays lowered their target price on Expro Group from $17.00 to $14.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. The Goldman Sachs Group began coverage on Expro Group in a research report on Friday, December 13th. They set a “neutral” rating and a $18.00 price objective on the stock.

Expro Group Trading Down 11.7 %

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.62. The company has a market capitalization of $802.43 million, a price-to-earnings ratio of 49.25, a P/E/G ratio of 1.28 and a beta of 0.98. The business’s 50-day moving average price is $11.53 and its two-hundred day moving average price is $13.22.

Institutional Trading of Expro Group

A number of institutional investors have recently modified their holdings of the stock. R Squared Ltd bought a new position in shares of Expro Group in the fourth quarter worth $27,000. Sterling Capital Management LLC grew its stake in Expro Group by 824.7% during the fourth quarter. Sterling Capital Management LLC now owns 3,033 shares of the company’s stock worth $38,000 after buying an additional 2,705 shares in the last quarter. US Bancorp DE increased its holdings in Expro Group by 56.0% in the 4th quarter. US Bancorp DE now owns 4,171 shares of the company’s stock valued at $52,000 after buying an additional 1,497 shares during the period. KBC Group NV raised its position in shares of Expro Group by 75.3% in the 4th quarter. KBC Group NV now owns 5,968 shares of the company’s stock valued at $74,000 after buying an additional 2,563 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Expro Group by 1,413.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 11,126 shares of the company’s stock worth $139,000 after acquiring an additional 10,391 shares during the period. 92.07% of the stock is currently owned by 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.