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

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

Wall Street Analyst Weigh In

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

Expro Group Stock Performance

The stock has a 50-day moving average of $8.50 and a 200 day moving average of $10.63. The stock has a market cap of $968.12 million, a PE ratio of 14.47, a P/E/G ratio of 0.90 and a beta of 1.18. The company has a quick ratio of 1.74, a current ratio of 2.11 and a debt-to-equity ratio of 0.09.

Institutional Trading of Expro Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Sterling Capital Management LLC boosted its stake in shares of Expro Group by 824.7% in the 4th quarter. Sterling Capital Management LLC now owns 3,033 shares of the company's stock valued at $38,000 after buying an additional 2,705 shares during the period. US Bancorp DE boosted its position in shares of Expro Group by 56.0% during the 4th quarter. US Bancorp DE now owns 4,171 shares of the company's stock worth $52,000 after acquiring an additional 1,497 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of Expro Group in the 1st quarter valued at about $87,000. Brighton Jones LLC acquired a new stake in shares of Expro Group during the 1st quarter worth about $103,000. Finally, Strs Ohio acquired a new position in Expro Group in the first quarter valued at approximately $104,000. 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.

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