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

Innovex International, Inc. (NYSE:INVX) CFO Kendal Reed purchased 3,765 shares of the firm’s stock in a transaction 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 purchase, the chief financial officer now directly owns 186,232 shares in the company, valued at approximately $2,473,160.96. This trade represents a 2.06 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Innovex International Stock Performance

INVX stock opened at $13.31 on Thursday. The stock has a market capitalization of $895.03 million, a price-to-earnings ratio of 9.44 and a beta of 0.88. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 3.87. Innovex International, Inc. has a 12-month low of $12.62 and a 12-month high of $25.19.

Wall Street Analysts Forecast Growth

Separately, Barclays cut their target price 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.