Innovex International (NYSE:INVX) Sets New 12-Month Low – Should You Sell?

Innovex International, Inc. (NYSE:INVX)’s share price reached a new 52-week low during trading on Friday . The company traded as low as $12.80 and last traded at $12.94, with a volume of 15879 shares. The stock had previously closed at $13.22.

Wall Street Analysts Forecast Growth

Separately, Barclays cut their price objective on Innovex International from $21.00 to $15.00 and set an “underweight” rating for the company in a report on Tuesday, November 26th.

Innovex International Stock Performance

The company has a quick ratio of 2.17, a current ratio of 3.87 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $903.84 million, a price-to-earnings ratio of 9.53 and a beta of 0.88.

Innovex International Company Profile

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.