Expro Group (NYSE:XPRO) Sees Unusually-High Trading Volume – Time to Buy?

Expro Group Holdings (NYSE:XPRO) shares saw strong trading volume on Wednesday . 2,141,106 shares changed hands during trading, an increase of 100% from the previous session’s volume of 1,070,263 shares.The stock last traded at $14.08 and had previously closed at $13.78.

Wall Street Analysts Forecast Growth

Separately, Barclays cut 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.

Expro Group Price 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’s 50-day moving average price is $15.22 and its 200-day moving average price is $19.07. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 101.07, a price-to-earnings-growth ratio of 1.65 and a beta of 0.99.

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 the consensus estimate of $0.19 by $0.04. The firm had revenue of $422.83 million for the quarter, compared to the consensus estimate of $436.62 million. Expro Group had a return on equity of 3.70% and a net margin of 0.98%. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.11) EPS. Equities research analysts anticipate that Expro Group Holdings will post 0.7 earnings per share for the current year.

Hedge Funds Weigh In On Expro Group

Several hedge funds have recently added to or reduced their stakes in the company. Westfield Capital Management Co. LP bought a new stake in Expro Group during the 3rd quarter worth about $26,481,000. Clearbridge Investments LLC bought a new stake in shares of Expro Group during the second quarter worth approximately $28,156,000. Loomis Sayles & Co. L P acquired a new position in Expro Group in the third quarter valued at approximately $16,159,000. Emerald Advisers LLC bought a new position in Expro Group in the second quarter valued at approximately $13,421,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in Expro Group during the 2nd quarter worth $10,288,000. 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.