Zacks Investment Research Upgrades Xplore Technologies Corp (XPLR) to Strong-Buy
Xplore Technologies Corp (NASDAQ:XPLR) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday. The brokerage currently has a $2.50 price target on the technology company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 4.17% from the stock’s current price.
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 issued reports on the company. Roth Capital raised Xplore Technologies Corp from a “neutral” rating to a “buy” rating and lifted their target price for the company from $2.40 to $3.85 in a research report on Thursday, August 10th. Maxim Group set a $4.00 target price on Xplore Technologies Corp and gave the company a “buy” rating in a research report on Thursday, August 10th. Finally, ValuEngine raised Xplore Technologies Corp from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd.
Shares of Xplore Technologies Corp (XPLR) traded up 15.42% during midday trading on Tuesday, hitting $2.77. The stock had a trading volume of 1,162,579 shares. Xplore Technologies Corp has a 52 week low of $1.54 and a 52 week high of $3.38. The firm’s market cap is $30.44 million. The company’s 50 day moving average is $2.15 and its 200 day moving average is $2.05.
Xplore Technologies Corp (NASDAQ:XPLR) last announced its earnings results on Wednesday, August 9th. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.06. The company had revenue of $20 million for the quarter, compared to analysts’ expectations 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 analysts predict that Xplore Technologies Corp will post ($0.02) earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Merriman Wealth Management LLC boosted its position in Xplore Technologies Corp by 1.1% in the second quarter. Merriman Wealth Management LLC now owns 594,676 shares of the technology company’s stock valued at $1,160,000 after buying an additional 6,415 shares in the last quarter. Renaissance Technologies LLC boosted its position in Xplore Technologies Corp by 2.2% in the fourth quarter. Renaissance Technologies LLC now owns 103,000 shares of the technology company’s stock valued at $208,000 after buying an additional 2,200 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in Xplore Technologies Corp during the fourth quarter valued at $142,000. AWM Investment Company Inc. boosted its position in Xplore Technologies Corp by 268.9% in the third quarter. AWM Investment Company Inc. now owns 368,902 shares of the technology company’s stock valued at $885,000 after buying an additional 268,902 shares in the last quarter. Finally, G2 Investment Partners Management LLC boosted its position in Xplore Technologies Corp by 16.8% in the third quarter. G2 Investment Partners Management LLC now owns 282,707 shares of the technology company’s stock valued at $676,000 after buying an additional 40,737 shares in the last quarter. 21.96% 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.
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.