Expro Group (NYSE:XPRO) Trading Down 4.3% - Here's Why

Expro Group Holdings (NYSE:XPRO - Get Free Report)'s stock price dropped 4.3% on Wednesday . The stock traded as low as $8.42 and last traded at $8.42. Approximately 352,901 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 1,231,132 shares. The stock had previously closed at $8.80.

Wall Street Analysts Forecast Growth

XPRO has been the topic of several research analyst reports. Barclays reduced their price objective on Expro Group from $14.00 to $12.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. Wells Fargo & Company initiated coverage on Expro Group in a research note on Tuesday, May 27th. They issued an "overweight" rating and a $12.00 price objective on the stock. Finally, The Goldman Sachs Group reduced their price objective on Expro Group from $17.00 to $12.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th.

Expro Group Stock Up 3.3%

The stock has a 50 day moving average price of $8.25 and a 200 day moving average price of $10.99. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 62.88, a price-to-earnings-growth ratio of 1.28 and a beta of 1.18. The company has a quick ratio of 1.62, a current ratio of 1.98 and a debt-to-equity ratio of 0.09.

Institutional Trading of Expro Group

A number of hedge funds have recently made changes to their positions in the company. US Bancorp DE boosted its stake in shares of Expro Group by 56.0% during the fourth quarter. US Bancorp DE now owns 4,171 shares of the company's stock valued at $52,000 after purchasing an additional 1,497 shares in the last quarter. Gamco Investors INC. ET AL raised its position in shares of Expro Group by 4.3% during the first quarter. Gamco Investors INC. ET AL now owns 36,015 shares of the company's stock worth $358,000 after acquiring an additional 1,500 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Expro Group by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,822 shares of the company's stock worth $671,000 after acquiring an additional 1,989 shares during the last quarter. Rhumbline Advisers raised its position in shares of Expro Group by 1.6% during the fourth quarter. Rhumbline Advisers now owns 153,159 shares of the company's stock worth $1,910,000 after acquiring an additional 2,477 shares during the last quarter. Finally, Pinnacle Holdings LLC raised its position in shares of Expro Group by 3.7% during the first quarter. Pinnacle Holdings LLC now owns 69,799 shares of the company's stock worth $694,000 after acquiring an additional 2,520 shares during the last quarter. 92.07% of the stock is owned by institutional investors and hedge funds.

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.