Xplore Technologies Corp (XPLR) Raised to Buy at Zacks Investment Research
Xplore Technologies Corp (NASDAQ:XPLR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage presently has a $3.75 price target on the technology company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 10.00% from the company’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. “
A number of other equities analysts have also recently weighed in on XPLR. ValuEngine raised Xplore Technologies Corp from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Roth Capital set a $2.00 price target on Xplore Technologies Corp and gave the stock a “hold” rating in a report on Tuesday, August 8th. Finally, Maxim Group set a $4.00 price target on Xplore Technologies Corp and gave the stock a “buy” rating in a report on Saturday, June 24th.
Shares of Xplore Technologies Corp (NASDAQ XPLR) traded up 2.3784% during mid-day trading on Wednesday, reaching $3.4092. The company’s stock had a trading volume of 41,878 shares. The company’s 50-day moving average is $3.55 and its 200 day moving average is $2.49. The firm’s market capitalization is $37.52 million. Xplore Technologies Corp has a 1-year low of $1.54 and a 1-year high of $4.20.
Xplore Technologies Corp (NASDAQ:XPLR) last released its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.06. Xplore Technologies Corp had a negative return on equity of 1.92% and a negative net margin of 0.69%. The company had revenue of $20.00 million during the quarter, compared to analysts’ expectations of $17.20 million. On average, analysts expect that Xplore Technologies Corp will post $0.02 earnings per share for the current year.
In other news, Chairman Philip S. Sassower sold 72,849 shares of Xplore Technologies Corp stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $3.50, for a total value of $254,971.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Philip S. Sassower sold 14,689 shares of Xplore Technologies Corp stock in a transaction on Monday, August 28th. The shares were 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. In the last ninety days, insiders sold 134,691 shares of company stock valued at $470,151. Company 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 increased its holdings in Xplore Technologies Corp (NASDAQ:XPLR) by 1.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 594,676 shares of the technology company’s stock after purchasing 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 and hedge funds 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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