Zacks Investment Research downgraded shares of Xplore Technologies Corp. (NASDAQ:XPLR) from a buy rating to a hold rating in a report issued on Wednesday morning.

According to Zacks, “Xplore Technologies Corp. is engaged in the business of developing integrating and marketing mobile wireless Tablet PC computing systems. Its end-users are able to receive, collect, analyze, manipulate and transmit information in a variety of environments not suited to traditional non-rugged computing devices with the Company’s rugged computing products. The company’s portfolio of product is sold on a global basis. Xplore Technologies Corp. is headquartered in Austin, Texas. “

Several other research firms also recently weighed in on XPLR. Maxim Group began coverage on shares of Xplore Technologies Corp. in a research report on Tuesday, September 13th. They set a buy rating and a $5.00 price target for the company. Roth Capital restated a neutral rating and set a $2.40 price target (down previously from $3.50) on shares of Xplore Technologies Corp. in a research report on Wednesday, July 13th.

Xplore Technologies Corp. (NASDAQ:XPLR) traded down 0.84% during mid-day trading on Wednesday, hitting $2.35. 6,850 shares of the stock traded hands. The stock has a 50-day moving average price of $2.37 and a 200-day moving average price of $2.76. The stock’s market cap is $25.68 million. Xplore Technologies Corp. has a 12 month low of $2.10 and a 12 month high of $6.15.

Xplore Technologies Corp. (NASDAQ:XPLR) last released its quarterly earnings results on Wednesday, August 10th. The company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.04. Xplore Technologies Corp. had a negative net margin of 1.99% and a negative return on equity of 5.64%. On average, equities analysts forecast that Xplore Technologies Corp. will post ($0.15) earnings per share for the current year.

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Xplore Technologies Corp. by 21.7% in the second quarter. Vanguard Group Inc. now owns 354,429 shares of the company’s stock valued at $851,000 after buying an additional 63,200 shares during the period. Emerald Acquisition Ltd. bought a new position in Xplore Technologies Corp. during the second quarter worth $398,000. Merriman Wealth Management LLC bought a new position in Xplore Technologies Corp. during the second quarter worth $1,609,000. Finally, Renaissance Technologies LLC boosted its position in Xplore Technologies Corp. by 14.3% in the first quarter. Renaissance Technologies LLC now owns 33,500 shares of the company’s stock worth $117,000 after buying an additional 4,200 shares during the last quarter. 24.66% of the stock is owned by institutional investors and hedge funds.

About Xplore Technologies Corp.

Xplore Technologies Corp. (Xplore) is engaged in the development, integration and marketing of rugged mobile personal computers (PCs). The Company’s rugged tablet PCs are designed to withstand various conditions, such as extreme temperatures, driving rain, repeated vibrations, dirt, dust and concussive shocks.

5 Day Chart for NASDAQ:XPLR

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