Expro Group (NYSE:XPRO) Shares Down 6.6% - Here's Why

Expro Group Holdings N.V. (NYSE:XPRO - Get Free Report)'s stock price was down 6.6% during trading on Monday . The stock traded as low as $8.72 and last traded at $8.57. Approximately 555,974 shares traded hands during trading, a decline of 56% from the average daily volume of 1,250,025 shares. The stock had previously closed at $9.17.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on XPRO shares. Wells Fargo & Company started coverage on Expro Group in a research note on Tuesday, May 27th. They set an "overweight" rating and a $12.00 price objective for the company. Barclays cut their price objective on Expro Group from $14.00 to $12.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. Finally, The Goldman Sachs Group dropped their price target on Expro Group from $17.00 to $12.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th.

Expro Group Stock Up 3.8%

The company has a quick ratio of 1.74, a current ratio of 2.11 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average price of $8.53 and a 200-day moving average price of $10.58. The firm has a market capitalization of $1.02 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 0.83 and a beta of 1.18.

Institutional Investors Weigh In On Expro Group

Large investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. grew its position in shares of Expro Group by 206.3% in the first quarter. Harbor Capital Advisors Inc. now owns 110,472 shares of the company's stock valued at $1,098,000 after purchasing an additional 74,401 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Expro Group by 19.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,925,259 shares of the company's stock worth $24,008,000 after acquiring an additional 318,043 shares during the period. Sei Investments Co. grew its position in Expro Group by 66.6% in the fourth quarter. Sei Investments Co. now owns 50,950 shares of the company's stock worth $635,000 after acquiring an additional 20,365 shares during the period. Invesco Ltd. grew its position in Expro Group by 58.5% in the fourth quarter. Invesco Ltd. now owns 222,519 shares of the company's stock worth $2,775,000 after acquiring an additional 82,142 shares during the period. Finally, Ameriprise Financial Inc. grew its position in Expro Group by 42.0% in the fourth quarter. Ameriprise Financial Inc. now owns 327,125 shares of the company's stock worth $4,079,000 after acquiring an additional 96,803 shares during the period. 92.07% of the stock is currently owned by hedge funds and other institutional investors.

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.