Expro Group (NYSE:XPRO) Sets New 1-Year Low – Here’s What Happened

Expro Group Holdings (NYSE:XPRO)’s stock price hit a new 52-week low on Monday . The stock traded as low as $9.70 and last traded at $9.82, with a volume of 30705 shares changing hands. The stock had previously closed at $10.10.

Analyst Ratings Changes

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

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 stock has a market capitalization of $1.17 billion, a P/E ratio of 71.54, a P/E/G ratio of 1.28 and a beta of 1.12. The business has a fifty day moving average price of $12.14 and a 200-day moving average price of $13.58.

Institutional Trading of Expro Group

A number of institutional investors have recently made changes to their positions in the stock. US Bancorp DE raised its holdings in shares of Expro Group by 56.0% during the fourth quarter. US Bancorp DE now owns 4,171 shares of the company’s stock valued at $52,000 after purchasing an additional 1,497 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Expro Group by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,822 shares of the company’s stock valued at $671,000 after buying an additional 1,989 shares during the last quarter. R Squared Ltd bought a new position in shares of Expro Group during the 4th quarter valued at $27,000. Rhumbline Advisers boosted its stake in shares of Expro Group by 1.6% in the 4th quarter. Rhumbline Advisers now owns 153,159 shares of the company’s stock worth $1,910,000 after buying an additional 2,477 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of Expro Group by 75.3% in the fourth quarter. KBC Group NV now owns 5,968 shares of the company’s stock worth $74,000 after acquiring an additional 2,563 shares during the period. Hedge funds and other 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.