Expro Group (NYSE:XPRO) Hits New 52-Week Low – Time to Sell?

Expro Group Holdings (NYSE:XPRO) shares reached a new 52-week low during trading on Friday . The stock traded as low as $12.66 and last traded at $12.75, with a volume of 462335 shares changing hands. The stock had previously closed at $13.26.

Analyst Ratings Changes

Separately, Barclays dropped their price objective on shares of Expro Group from $28.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, October 28th.

Expro Group Price Performance

The stock has a market capitalization of $1.49 billion, a P/E ratio of 90.71, a PEG ratio of 1.60 and a beta of 0.99. 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 fifty day simple moving average of $15.95 and a two-hundred day simple moving average of $19.44.

Expro Group (NYSE:XPRO) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. Expro Group had a net margin of 0.98% and a return on equity of 3.70%. The business had revenue of $422.83 million during the quarter, compared to the consensus estimate of $436.62 million. During the same period in the previous year, the firm posted ($0.11) earnings per share. Expro Group’s revenue for the quarter was up 14.3% compared to the same quarter last year. Sell-side analysts expect that Expro Group Holdings will post 0.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. increased its holdings in Expro Group by 6.1% in the second quarter. American Century Companies Inc. now owns 5,594,611 shares of the company’s stock valued at $128,229,000 after purchasing an additional 320,112 shares during the last quarter. Earnest Partners LLC grew its position in shares of Expro Group by 3.0% during the 2nd quarter. Earnest Partners LLC now owns 4,752,815 shares of the company’s stock worth $108,935,000 after buying an additional 140,617 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Expro Group by 7.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,334,758 shares of the company’s stock valued at $76,435,000 after acquiring an additional 219,432 shares during the period. State Street Corp boosted its stake in Expro Group by 7.6% during the 3rd quarter. State Street Corp now owns 2,692,260 shares of the company’s stock worth $46,226,000 after acquiring an additional 189,085 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Expro Group by 1.6% during the first quarter. Vanguard Group Inc. now owns 2,352,277 shares of the company’s stock valued at $46,975,000 after purchasing an additional 38,053 shares during the period. 92.07% of the stock is currently owned by 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.