Zacks Investment Research Downgrades Xplore Technologies Corp (XPLR) to Hold
Xplore Technologies Corp (NASDAQ:XPLR) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday.
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. “
A number of other equities analysts also recently issued reports on the company. Maxim Group reissued a “buy” rating and set a $4.00 price target on shares of Xplore Technologies Corp in a research report on Wednesday, September 20th. Roth Capital raised Xplore Technologies Corp from a “neutral” rating to a “buy” rating and increased their price target for the stock from $2.40 to $3.85 in a research report on Thursday, August 10th. Finally, ValuEngine raised Xplore Technologies Corp from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th.
Shares of Xplore Technologies Corp (NASDAQ:XPLR) opened at 3.32 on Thursday. The company’s market cap is $36.54 million. Xplore Technologies Corp has a 12-month low of $1.54 and a 12-month high of $4.20. The company has a 50-day moving average of $3.56 and a 200 day moving average of $2.46.
Xplore Technologies Corp (NASDAQ:XPLR) last announced its quarterly earnings data on Wednesday, August 9th. The technology company reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.06. The company had revenue of $20.00 million for the quarter, compared to the consensus estimate of $17.20 million. Xplore Technologies Corp had a negative return on equity of 1.92% and a negative net margin of 0.69%. On average, equities research analysts expect that Xplore Technologies Corp will post $0.02 EPS for the current year.
In other news, Chairman Philip S. Sassower sold 72,849 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $3.50, for a total transaction of $254,971.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Philip S. Sassower sold 47,153 shares of the stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $3.47, for a total value of $163,620.91. The disclosure for this sale can be found here. Insiders have sold a total of 134,691 shares of company stock worth $470,151 in the last three months. Corporate insiders own 14.00% of the company’s stock.
A hedge fund recently raised its stake in Xplore Technologies Corp stock. Merriman Wealth Management LLC boosted its stake in shares of Xplore Technologies Corp (NASDAQ:XPLR) by 1.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 594,676 shares of the technology company’s stock after purchasing an additional 6,415 shares during the quarter. Merriman Wealth Management LLC owned about 5.41% of Xplore Technologies Corp worth $1,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 17.36% of the company’s stock.
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.
Receive News & Stock Ratings for Xplore Technologies Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xplore Technologies Corp and related stocks with our FREE daily email newsletter.