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

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on XPRO. Barclays dropped their target price on shares of Expro Group from $14.00 to $12.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. The Goldman Sachs Group lowered 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. Finally, Wells Fargo & Company began coverage on Expro Group in a report on Tuesday, May 27th. They issued an "overweight" rating and a $12.00 price objective on the stock.

Expro Group Stock Performance

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 $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 stock's fifty day simple moving average is $8.23 and its 200-day simple moving average is $10.95.

Institutional Trading of Expro Group

Hedge funds have recently modified their holdings of the stock. Sterling Capital Management LLC increased 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 worth $38,000 after purchasing an additional 2,705 shares during the period. US Bancorp DE raised its holdings 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 purchasing an additional 1,497 shares in the last quarter. KBC Group NV raised its holdings in Expro Group by 75.3% during 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 in the last quarter. Fifth Third Bancorp purchased a new stake in shares of Expro Group during the 1st quarter worth approximately $87,000. Finally, Brighton Jones LLC acquired a new position in shares of Expro Group in the 1st quarter valued at $103,000. 92.07% of the stock is currently owned by institutional investors and hedge funds.

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.