Innovex International, Inc. (NYSE:INVX) CFO Kendal Reed Acquires 3,765 Shares

Innovex International, Inc. (NYSE:INVX) CFO Kendal Reed acquired 3,765 shares of Innovex International stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average cost of $13.28 per share, with a total value of $49,999.20. Following the purchase, the chief financial officer now owns 186,232 shares in the company, valued at $2,473,160.96. The trade was a 2.06 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Innovex International Trading Down 2.8 %

Shares of INVX stock opened at $12.93 on Tuesday. Innovex International, Inc. has a 12 month low of $12.62 and a 12 month high of $25.19. The company has a market cap of $869.48 million, a price-to-earnings ratio of 9.17 and a beta of 0.88. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 3.87.

Analyst Ratings Changes

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.

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.