Innovex International, Inc. (NYSE:INVX) CFO Purchases $49,999.20 in Stock

Innovex International, Inc. (NYSE:INVX) CFO Kendal Reed bought 3,765 shares of the stock in a transaction on Friday, December 13th. The shares were acquired at an average cost of $13.28 per share, for a total transaction of $49,999.20. Following the acquisition, the chief financial officer now directly owns 186,232 shares in the company, valued at approximately $2,473,160.96. This trade represents a 2.06 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Innovex International Trading Up 2.0 %

Shares of INVX opened at $13.21 on Wednesday. The company has a current ratio of 3.87, a quick ratio of 2.17 and a debt-to-equity ratio of 0.01. Innovex International, Inc. has a twelve month low of $12.62 and a twelve month high of $25.19. The stock has a market cap of $888.31 million, a PE ratio of 9.37 and a beta of 0.88.

Wall Street Analysts Forecast Growth

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

About Innovex International

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.