Xplore Technologies Corp (XPLR) Downgraded by Zacks Investment Research 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 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 topic of a number of other reports. Maxim Group set a $4.00 price target on Xplore Technologies Corp and gave the company a “buy” rating in a report on Saturday, June 24th. Roth Capital raised Xplore Technologies Corp from a “neutral” rating to a “buy” rating and raised their price target for the company from $2.40 to $3.85 in a report on Thursday, August 10th. Finally, ValuEngine raised Xplore Technologies Corp from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th.
Shares of Xplore Technologies Corp (NASDAQ XPLR) opened at 3.4092 on Thursday. The company’s market capitalization is $37.52 million. The firm has a 50-day moving average price of $3.55 and a 200-day moving average price of $2.49. Xplore Technologies Corp has a one year low of $1.54 and a one year high of $4.20.
Xplore Technologies Corp (NASDAQ:XPLR) last posted its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.06. The business had revenue of $20.00 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%. Equities analysts forecast that Xplore Technologies Corp will post $0.02 earnings per share for the current year.
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In other news, Chairman Philip S. Sassower sold 14,689 shares of Xplore Technologies Corp 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Philip S. Sassower sold 72,849 shares of Xplore Technologies Corp stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $3.50, for a total value of $254,971.50. The disclosure for this sale can be found here. Insiders sold 134,691 shares of company stock worth $470,151 over the last ninety days. Insiders own 14.00% of the company’s stock.
A hedge fund recently raised its stake in Xplore Technologies Corp stock. Merriman Wealth Management LLC lifted its position in Xplore Technologies Corp (NASDAQ:XPLR) by 1.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 594,676 shares of the technology company’s stock after purchasing an additional 6,415 shares during the quarter. Merriman Wealth Management LLC owned about 5.41% of Xplore Technologies Corp worth $1,160,000 at the end of the most recent reporting period. Institutional investors own 17.36% of the company’s stock.
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.
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