Expro Group (NYSE:XPRO) Hits New 12-Month Low – Here’s Why

Shares of Expro Group Holdings (NYSE:XPRO) hit a new 52-week low during trading on Friday . The company traded as low as $12.66 and last traded at $12.75, with a volume of 462335 shares traded. The stock had previously closed at $13.26.

Analyst Upgrades and Downgrades

Separately, Barclays cut their price objective on Expro Group from $28.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, October 28th.

Expro Group Trading Down 4.1 %

The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 91.14, a P/E/G ratio of 1.60 and a beta of 0.99. The company has a fifty day moving average of $16.05 and a two-hundred day moving average of $19.48. The company has a quick ratio of 1.62, a current ratio of 1.98 and a debt-to-equity ratio of 0.09.

Expro Group (NYSE:XPRO) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. Expro Group had a return on equity of 3.70% and a net margin of 0.98%. The business had revenue of $422.83 million for the quarter, compared to analyst estimates of $436.62 million. During the same quarter last year, the company earned ($0.11) earnings per share. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, research analysts expect that Expro Group Holdings will post 0.7 EPS for the current year.

Hedge Funds Weigh In On Expro Group

Several large investors have recently modified their holdings of XPRO. SG Americas Securities LLC acquired a new position in Expro Group in the first quarter valued at approximately $141,000. Point72 Hong Kong Ltd acquired a new stake in shares of Expro Group in the 3rd quarter worth about $171,000. nVerses Capital LLC acquired a new position in Expro Group during the 2nd quarter valued at about $183,000. MQS Management LLC acquired a new stake in shares of Expro Group in the third quarter valued at approximately $205,000. Finally, Transatlantique Private Wealth LLC bought a new stake in shares of Expro Group during the second quarter valued at approximately $214,000. Institutional investors own 92.07% of the company’s stock.

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.