Xplore Technologies Corp (XPLR) Upgraded to Buy by Zacks Investment Research
Xplore Technologies Corp (NASDAQ:XPLR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The firm currently has a $3.75 price objective on the technology company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 17.19% 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 research analysts have also recently commented on the company. Maxim Group reissued a “buy” rating and set a $4.00 price target on shares of Xplore Technologies Corp in a report on Wednesday, September 20th. 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 (XPLR) remained flat at $3.20 on Tuesday. The company’s stock had a trading volume of 6,146 shares. The firm’s market capitalization is $35.22 million. Xplore Technologies Corp has a 1-year low of $1.54 and a 1-year high of $4.20. The stock has a 50-day moving average of $3.55 and a 200 day moving average of $2.53.
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%. On average, equities research 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 47,153 shares of Xplore Technologies Corp stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $3.47, for a total value of $163,620.91. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 134,691 shares of company stock worth $470,151. 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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