Expro Group (NYSE:XPRO) Reaches New 52-Week Low – What’s Next?

Expro Group Holdings (NYSE:XPRO)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $7.34 and last traded at $7.74, with a volume of 489410 shares traded. The stock had previously closed at $7.92.

Wall Street Analysts Forecast Growth

XPRO has been the subject of several recent analyst reports. The Goldman Sachs Group initiated coverage on shares of Expro Group in a research note on Friday, December 13th. They issued a “neutral” rating and a $18.00 target price for the company. Barclays reduced their price objective on shares of Expro Group from $17.00 to $14.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th.

Expro Group Price Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.62. The company has a 50-day simple moving average of $11.53 and a 200-day simple moving average of $13.22. The stock has a market cap of $910.66 million, a PE ratio of 55.90, a PEG ratio of 1.28 and a beta of 0.98.

Hedge Funds Weigh In On Expro Group

A number of large investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in Expro Group by 3,351.6% in the first quarter. GAMMA Investing LLC now owns 11,839 shares of the company’s stock valued at $1,191,000 after buying an additional 11,496 shares in the last quarter. California State Teachers Retirement System increased its stake in Expro Group by 10.9% in the 4th quarter. California State Teachers Retirement System now owns 92,977 shares of the company’s stock valued at $1,159,000 after purchasing an additional 9,143 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Expro Group during the fourth quarter worth $183,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Expro Group by 8.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 240,585 shares of the company’s stock worth $3,000,000 after purchasing an additional 18,506 shares in the last quarter. Finally, Voloridge Investment Management LLC purchased a new position in shares of Expro Group in the fourth quarter valued at $2,563,000. Hedge funds and other institutional investors own 92.07% of the company’s stock.

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.