Expro Group (NYSE:XPRO) Shares Down 5% – Here’s What Happened

Shares of Expro Group Holdings (NYSE:XPRO) traded down 5% during mid-day trading on Tuesday . The stock traded as low as $10.01 and last traded at $10.28. 524,742 shares were traded during mid-day trading, a decline of 51% from the average session volume of 1,077,544 shares. The stock had previously closed at $10.82.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group assumed coverage on shares of Expro Group in a report on Friday, December 13th. They issued a “neutral” rating and a $18.00 price objective for the company.

Expro Group Trading Down 6.5 %

The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 72.26, a price-to-earnings-growth ratio of 1.28 and a beta of 0.99. The company has a current ratio of 1.98, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The company has a fifty day moving average of $13.13 and a two-hundred day moving average of $14.78.

Insider Transactions at Expro Group

In related news, Director Robert Wayne Drummond, Jr. bought 18,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average price of $11.39 per share, with a total value of $205,020.00. Following the completion of the transaction, the director now owns 69,181 shares of the company’s stock, valued at $787,971.59. The trade was a 35.17 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Jardon bought 45,200 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were bought at an average price of $10.91 per share, with a total value of $493,132.00. Following the completion of the purchase, the chief executive officer now owns 336,674 shares in the company, valued at approximately $3,673,113.34. The trade was a 15.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Expro Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P bought a new stake in shares of Expro Group during the third quarter valued at approximately $16,159,000. JPMorgan Chase & Co. boosted its stake in Expro Group by 479.8% during the third quarter. JPMorgan Chase & Co. now owns 251,883 shares of the company’s stock worth $4,325,000 after buying an additional 208,443 shares in the last quarter. Barclays PLC increased its holdings in Expro Group by 40.1% in the 3rd quarter. Barclays PLC now owns 473,492 shares of the company’s stock valued at $8,129,000 after buying an additional 135,481 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Expro Group by 32.7% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 568,248 shares of the company’s stock valued at $9,757,000 after buying an additional 140,189 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Expro Group by 20.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,052,729 shares of the company’s stock worth $18,075,000 after purchasing an additional 176,132 shares during the period. 92.07% of the stock is currently owned by institutional investors.

Expro Group Company Profile

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.