Xplore Technologies Corp (XPLR) Cut to “Hold” at Zacks Investment Research
Xplore Technologies Corp (NASDAQ:XPLR) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released 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. “
XPLR has been the subject of several other research reports. ValuEngine upgraded Xplore Technologies Corp from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Maxim Group set a $4.00 target price on Xplore Technologies Corp and gave the stock a “buy” rating in a research report on Thursday, August 10th. Finally, Roth Capital raised Xplore Technologies Corp from a “neutral” rating to a “buy” rating and raised their target price for the stock from $2.40 to $3.85 in a research report on Thursday, August 10th.
Xplore Technologies Corp (NASDAQ:XPLR) last announced its quarterly earnings data on Wednesday, August 9th. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.06. The business had revenue of $20.00 million during 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%.
In other news, Chairman Philip S. Sassower sold 47,153 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $3.47, for a total transaction of $163,620.91. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Philip S. Sassower sold 14,689 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $3.51, for a total value of $51,558.39. 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.
An institutional investor recently raised its position in Xplore Technologies Corp stock. Merriman Wealth Management LLC boosted its position in shares of Xplore Technologies Corp (NASDAQ:XPLR) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 594,676 shares of the technology company’s stock after buying an additional 6,415 shares during the period. Merriman Wealth Management LLC owned 5.41% of Xplore Technologies Corp worth $1,160,000 as of its most recent SEC filing. Institutional investors own 17.36% of the company’s stock.
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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