Xplore Technologies Corp. (XPLR) Cut to Hold at Zacks Investment Research
Xplore Technologies Corp. (NASDAQ:XPLR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.
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. “
XPLR has been the topic of a number of other reports. Maxim Group initiated coverage on Xplore Technologies Corp. in a report on Tuesday, September 13th. They issued a “buy” rating and a $5.00 price objective on the stock. Roth Capital reiterated a “neutral” rating and issued a $2.40 price objective (down from $3.50) on shares of Xplore Technologies Corp. in a report on Wednesday, July 13th.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/12/xplore-technologies-corp-xplr-cut-to-hold-at-zacks-investment-research.html
Shares of Xplore Technologies Corp. (NASDAQ:XPLR) traded up 0.44% during midday trading on Wednesday, reaching $2.30. The company’s stock had a trading volume of 8,712 shares. Xplore Technologies Corp. has a one year low of $2.10 and a one year high of $6.15. The firm’s market cap is $25.13 million. The stock’s 50 day moving average price is $2.37 and its 200 day moving average price is $2.76.
Xplore Technologies Corp. (NASDAQ:XPLR) last released its quarterly earnings data on Wednesday, August 10th. The company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.04. Xplore Technologies Corp. had a negative return on equity of 5.64% and a negative net margin of 1.99%. Analysts predict that Xplore Technologies Corp. will post ($0.15) earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in XPLR. Merriman Wealth Management LLC purchased a new stake in shares of Xplore Technologies Corp. during the second quarter worth about $1,609,000. Emerald Acquisition Ltd. purchased a new stake in shares of Xplore Technologies Corp. during the second quarter worth about $398,000. Vanguard Group Inc. raised its stake in shares of Xplore Technologies Corp. by 21.7% in the second quarter. Vanguard Group Inc. now owns 354,429 shares of the company’s stock worth $851,000 after buying an additional 63,200 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of 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 currently owned by institutional investors.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.