Zacks Investment Research Lowers Xplore Technologies Corp. (XPLR) to Hold
Xplore Technologies Corp. (NASDAQ:XPLR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors 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. “
Several other research analysts have also recently commented on XPLR. Roth Capital reaffirmed a “neutral” rating and set a $2.40 target price (down from $3.50) on shares of Xplore Technologies Corp. in a report on Wednesday, July 13th. Maxim Group started coverage on shares of Xplore Technologies Corp. in a report on Tuesday, September 13th. They set a “buy” rating and a $5.00 target price on the stock.
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Shares of Xplore Technologies Corp. (NASDAQ:XPLR) traded up 0.44% during trading on Wednesday, reaching $2.30. The company had a trading volume of 8,712 shares. The company’s market cap is $25.13 million. Xplore Technologies Corp. has a 12 month low of $2.10 and a 12 month high of $6.15. The firm has a 50 day moving average price of $2.37 and a 200 day moving average price of $2.76.
Xplore Technologies Corp. (NASDAQ:XPLR) last announced its earnings results on Wednesday, August 10th. The company reported ($0.16) EPS for the quarter, topping the Thomson Reuters’ 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%. Analysts predict that Xplore Technologies Corp. will post ($0.15) earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in XPLR. Renaissance Technologies LLC boosted its position 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 valued at $117,000 after buying an additional 4,200 shares in the last quarter. Merriman Wealth Management LLC acquired a new position in shares of Xplore Technologies Corp. during the second quarter valued at approximately $1,609,000. Emerald Acquisition Ltd. acquired a new position in shares of Xplore Technologies Corp. during the second quarter valued at approximately $398,000. Finally, Vanguard Group Inc. boosted its position 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 valued at $851,000 after buying an additional 63,200 shares in the last quarter. 24.66% of the stock is currently owned by institutional investors.
Xplore Technologies Corp. Company Profile
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.
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