Expro Group (NYSE:XPRO) Hits New 1-Year Low – Here’s Why

Expro Group Holdings (NYSE:XPRO) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $12.39 and last traded at $12.43, with a volume of 126974 shares trading hands. The stock had previously closed at $13.11.

Analysts Set New Price Targets

Separately, Barclays dropped their price target on shares of Expro Group from $28.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, October 28th.

Expro Group Stock Performance

The company has a quick ratio of 1.62, a current ratio of 1.98 and a debt-to-equity ratio of 0.09. The company has a market cap of $1.45 billion, a PE ratio of 93.71, a P/E/G ratio of 1.63 and a beta of 1.00. The business’s fifty day moving average is $14.83 and its 200-day moving average is $18.80.

Expro Group (NYSE:XPRO) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The company had revenue of $422.83 million for the quarter, compared to the consensus estimate of $436.62 million. Expro Group had a net margin of 0.98% and a return on equity of 3.70%. The firm’s revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.11) earnings per share. As a group, research analysts predict that Expro Group Holdings will post 0.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Expro Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Hong Kong Ltd purchased a new position in Expro Group during the third quarter worth $171,000. nVerses Capital LLC bought a new position in Expro Group in the 2nd quarter worth about $183,000. MQS Management LLC bought a new position in Expro Group in the 3rd quarter worth about $205,000. Transatlantique Private Wealth LLC bought a new position in Expro Group in the 2nd quarter worth about $214,000. Finally, Algert Global LLC purchased a new stake in shares of Expro Group in the 2nd quarter worth approximately $217,000. Institutional investors own 92.07% of the company’s stock.

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.