Expro Group (NYSE:XPRO) Trading Down 2.9% - Time to Sell?

Expro Group Holdings N.V. (NYSE:XPRO - Get Free Report)'s stock price traded down 2.9% on Thursday . The stock traded as low as $8.98 and last traded at $9.00. 279,548 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 1,251,930 shares. The stock had previously closed at $9.27.

Wall Street Analysts Forecast Growth

Several research analysts have commented on XPRO shares. The Goldman Sachs Group decreased their price objective 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. Barclays reduced their price target on shares of Expro Group from $14.00 to $12.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. Finally, Wells Fargo & Company assumed coverage on shares of Expro Group in a research note on Tuesday, May 27th. They issued an "overweight" rating and a $12.00 price target for the company.

Expro Group Stock Performance

The company has a 50 day moving average of $8.57 and a two-hundred day moving average of $10.48. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.11 and a quick ratio of 1.74. The company has a market capitalization of $1.04 billion, a PE ratio of 15.53, a PEG ratio of 0.89 and a beta of 1.17.

Institutional Trading of Expro Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. US Bancorp DE boosted its stake in Expro Group by 56.0% during the fourth 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. Charles Schwab Investment Management Inc. lifted its holdings in shares of Expro Group by 10.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,157,555 shares of the company's stock valued at $14,435,000 after purchasing an additional 104,826 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Expro Group by 6.1% in the 4th quarter. Victory Capital Management Inc. now owns 503,942 shares of the company's stock worth $6,284,000 after purchasing an additional 29,141 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Expro Group by 22.2% in the 4th quarter. Arizona State Retirement System now owns 28,977 shares of the company's stock worth $361,000 after purchasing an additional 5,266 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Expro Group in the 4th quarter worth approximately $376,000. 92.07% of the stock is 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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