Innovex International, Inc. (NYSE:INVX) CFO Kendal Reed Buys 3,765 Shares

Innovex International, Inc. (NYSE:INVX) CFO Kendal Reed bought 3,765 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average cost of $13.28 per share, for a total transaction of $49,999.20. Following the completion of the transaction, the chief financial officer now directly owns 186,232 shares in the company, valued at approximately $2,473,160.96. The trade was a 2.06 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Innovex International Price Performance

INVX traded down $0.37 during trading on Monday, hitting $12.93. 739,192 shares of the company’s stock were exchanged, compared to its average volume of 307,716. The company has a quick ratio of 2.17, a current ratio of 3.87 and a debt-to-equity ratio of 0.01. Innovex International, Inc. has a 1 year low of $12.62 and a 1 year high of $25.19. The company has a market cap of $869.48 million, a P/E ratio of 9.17 and a beta of 0.88.

Wall Street Analyst Weigh In

Separately, Barclays decreased their price objective on shares of Innovex International from $21.00 to $15.00 and set an “underweight” rating on the stock in a report on Tuesday, November 26th.

About Innovex International

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.