Shares of Innovex International, Inc. (NYSE:INVX - Get Free Report) shot up 6.9% during mid-day trading on Monday . The stock traded as high as $14.75 and last traded at $14.75. 121,083 shares changed hands during trading, a decline of 70% from the average session volume of 403,083 shares. The stock had previously closed at $13.80.
Analyst Ratings Changes
Several research firms have recently weighed in on INVX. Barclays reduced their target price on Innovex International from $16.00 to $13.00 and set an "underweight" rating for the company in a report on Friday, May 9th. Johnson Rice raised Innovex International to a "strong-buy" rating in a report on Friday, May 30th.
Get Our Latest Research Report on Innovex International
Innovex International Stock Performance
The company has a debt-to-equity ratio of 0.01, a current ratio of 3.87 and a quick ratio of 2.17. The firm has a market capitalization of $1.08 billion, a P/E ratio of 11.07 and a beta of 0.80. The stock has a 50-day simple moving average of $15.13.
Innovex International (NYSE:INVX - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.03). The company had revenue of $240.42 million for the quarter, compared to analysts' expectations of $247.73 million. Innovex International had a negative return on equity of 0.73% and a net margin of 12.31%.
Institutional Investors Weigh In On Innovex International
Several large investors have recently modified their holdings of INVX. US Bancorp DE grew its position in Innovex International by 234.0% in the 1st quarter. US Bancorp DE now owns 1,533 shares of the company's stock valued at $28,000 after buying an additional 1,074 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Innovex International by 169.7% in the 1st quarter. GAMMA Investing LLC now owns 2,101 shares of the company's stock worth $38,000 after acquiring an additional 1,322 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Innovex International by 264.9% in the first quarter. Smartleaf Asset Management LLC now owns 3,375 shares of the company's stock valued at $60,000 after acquiring an additional 2,450 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Innovex International by 15.6% during the first quarter. PNC Financial Services Group Inc. now owns 5,880 shares of the company's stock worth $106,000 after acquiring an additional 794 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in Innovex International during the fourth quarter worth about $88,000.
About Innovex International
(
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Innovex International, Inc engages in the provision of solutions for both onshore and offshore applications within the oil and gas industry. The company was founded on September 15, 2016 and is headquartered in Humble, TX.
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