Innovex International (NYSE:INVX) Reaches New 52-Week Low – Here’s Why

Innovex International, Inc. (NYSE:INVX) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $12.80 and last traded at $12.94, with a volume of 15879 shares. The stock had previously closed at $13.22.

Analysts Set New Price Targets

Separately, Barclays dropped their target price on Innovex International from $21.00 to $15.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 26th.

Innovex International Stock Up 0.6 %

The company has a current ratio of 3.87, a quick ratio of 2.17 and a debt-to-equity ratio of 0.01. The firm has a market cap of $894.43 million, a PE ratio of 9.43 and a beta of 0.88.

Innovex International Company Profile

Innovex Downhole Solutions Inc designs, manufactures and installs mission-critical drilling & deployment, well construction, completion, production and fishing & intervention solutions to support upstream onshore and offshore activities. Innovex Downhole Solutions Inc, formerly known as Dril-Quip, is based in HOUSTON.