Expro Group (NYSE:XPRO) Stock Price Down 7.5% - Time to Sell?

Expro Group Holdings (NYSE:XPRO - Get Free Report) shares fell 7.5% during mid-day trading on Tuesday . The company traded as low as $7.31 and last traded at $7.22. 723,051 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 1,178,165 shares. The stock had previously closed at $7.81.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on XPRO. 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 research report on Thursday. Barclays cut their price objective on shares of Expro Group from $17.00 to $14.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th.

Expro Group Trading Up 3.4 %

The company has a current ratio of 1.98, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $926.95 million, a P/E ratio of 56.90, a P/E/G ratio of 1.28 and a beta of 0.98. The stock has a 50 day moving average of $10.91 and a 200-day moving average of $12.87.

Institutional Trading of Expro Group

Institutional investors and hedge funds have recently modified their holdings of the company. R Squared Ltd purchased a new stake in shares of Expro Group during the fourth quarter worth about $27,000. Sterling Capital Management LLC raised its holdings in Expro Group by 824.7% during 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 lifted its holdings in shares of Expro Group by 56.0% in 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 during the last quarter. KBC Group NV lifted its stake in Expro Group by 75.3% in the fourth quarter. KBC Group NV now owns 5,968 shares of the company's stock worth $74,000 after purchasing an additional 2,563 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Expro Group by 1,413.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 11,126 shares of the company's stock valued at $139,000 after acquiring an additional 10,391 shares during the period. 92.07% of the stock is currently owned by institutional investors.

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.