Expro Group (NYSE:XPRO) Trading Down 6.2% – Should You Sell?

Expro Group Holdings (NYSE:XPRO)’s stock price was down 6.2% during mid-day trading on Tuesday . The stock traded as low as $12.97 and last traded at $12.92. Approximately 538,193 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 1,204,600 shares. The stock had previously closed at $13.77.

Analyst Ratings Changes

A number of analysts recently commented on XPRO shares. Barclays dropped their price objective on Expro Group from $28.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. The Goldman Sachs Group started coverage on shares of Expro Group in a report on Friday, December 13th. They set a “neutral” rating and a $18.00 price target for the company.

Expro Group Stock Down 4.9 %

The company has a market cap of $1.54 billion, a PE ratio of 93.54, a PEG ratio of 1.31 and a beta of 1.01. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.98. The firm has a fifty day simple moving average of $12.99 and a 200 day simple moving average of $16.35.

Insider Transactions at Expro Group

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

Institutional Trading of Expro Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. R Squared Ltd acquired a new stake in Expro Group in the fourth quarter worth $27,000. KBC Group NV boosted 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 valued at $74,000 after acquiring an additional 2,563 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Expro Group by 9.3% during the second quarter. The Manufacturers Life Insurance Company now owns 48,317 shares of the company’s stock worth $1,107,000 after purchasing an additional 4,114 shares in the last quarter. SG Americas Securities LLC boosted its stake in Expro Group by 24.4% during the 3rd quarter. SG Americas Securities LLC now owns 22,442 shares of the company’s stock valued at $385,000 after purchasing an additional 4,399 shares in the last quarter. Finally, Algert Global LLC acquired a new stake in Expro Group in the 2nd quarter valued at about $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.