Expro Group (NYSE:XPRO) Sees Unusually-High Trading Volume – Here’s Why

Shares of Expro Group Holdings (NYSE:XPRO) saw unusually-strong trading volume on Thursday . Approximately 825,403 shares changed hands during mid-day trading, a decline of 24% from the previous session’s volume of 1,089,580 shares.The stock last traded at $10.08 and had previously closed at $10.24.

Analyst Ratings Changes

Several analysts recently issued reports on XPRO shares. The Goldman Sachs Group started coverage on Expro Group in a report on Friday, December 13th. They issued a “neutral” rating and a $18.00 price target on the stock. Barclays lowered their target price on Expro Group from $17.00 to $14.00 and set an “overweight” rating on the stock in a research report on Wednesday.

Expro Group Trading Up 4.1 %

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 stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 76.03, a PEG ratio of 1.28 and a beta of 1.12. The firm has a 50-day moving average of $13.02 and a 200 day moving average of $14.57.

Insider Activity at Expro Group

In other news, CEO Michael Jardon purchased 45,200 shares of the stock in a transaction dated Tuesday, December 17th. The shares were bought at an average cost of $10.91 per share, for a total transaction of $493,132.00. Following the transaction, the chief executive officer now owns 336,674 shares in the company, valued at $3,673,113.34. This trade represents a 15.51 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert Wayne Drummond, Jr. purchased 18,000 shares of the stock in a transaction dated Monday, December 16th. The shares were purchased at an average price of $11.39 per share, for a total transaction of $205,020.00. Following the completion of the transaction, the director now owns 69,181 shares in the company, valued at $787,971.59. This trade represents a 35.17 % increase in their position. The disclosure for this purchase can be found here. 1.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Expro Group

Hedge funds have recently modified their holdings of the company. State of New Jersey Common Pension Fund D boosted its stake in shares of Expro Group by 13.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 96,996 shares of the company’s stock worth $1,665,000 after acquiring an additional 11,210 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Expro Group during the 3rd quarter worth $235,000. Victory Capital Management Inc. boosted its stake in shares of Expro Group by 3.2% during the 3rd quarter. Victory Capital Management Inc. now owns 474,801 shares of the company’s stock worth $8,152,000 after acquiring an additional 14,748 shares in the last quarter. MQS Management LLC bought a new stake in shares of Expro Group during the 3rd quarter worth $205,000. Finally, Jennison Associates LLC boosted its stake in shares of Expro Group by 4.2% during the 3rd quarter. Jennison Associates LLC now owns 2,286,181 shares of the company’s stock worth $39,254,000 after acquiring an additional 91,961 shares in the last quarter. 92.07% of the stock is currently 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.