Xplore Technologies Corp (XPLR) Lowered to “Hold” at Zacks Investment Research
Xplore Technologies Corp (NASDAQ:XPLR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.
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 several other reports. Maxim Group restated a “buy” rating and issued a $4.00 price objective on shares of Xplore Technologies Corp in a report on Wednesday, September 20th. ValuEngine raised shares of Xplore Technologies Corp from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Roth Capital set a $2.00 price objective on shares of Xplore Technologies Corp and gave the company a “hold” rating in a research report on Tuesday, August 8th.
Shares of Xplore Technologies Corp (NASDAQ:XPLR) opened at 3.163 on Wednesday. The firm has a 50-day moving average price of $3.54 and a 200-day moving average price of $2.53. The stock’s market cap is $34.81 million. Xplore Technologies Corp has a 52 week low of $1.54 and a 52 week high of $4.20.
Xplore Technologies Corp (NASDAQ:XPLR) last posted its earnings results on Wednesday, August 9th. The technology company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.06. The company had revenue of $20.00 million for the quarter, compared to analyst estimates of $17.20 million. Xplore Technologies Corp had a negative net margin of 0.69% and a negative return on equity of 1.92%. On average, equities analysts anticipate that Xplore Technologies Corp will post $0.02 earnings per share for the current year.
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In related news, Chairman Philip S. Sassower sold 14,689 shares of the stock in a transaction on Monday, August 28th. The shares were sold at an average price of $3.51, for a total transaction of $51,558.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Philip S. Sassower sold 72,849 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $3.50, for a total transaction of $254,971.50. The disclosure for this sale can be found here. Insiders sold a total of 134,691 shares of company stock worth $470,151 over the last ninety days. Insiders own 14.00% of the company’s stock.
Large investors have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its stake in shares of Xplore Technologies Corp by 14.3% in the 1st quarter. Renaissance Technologies LLC now owns 33,500 shares of the technology company’s stock worth $117,000 after acquiring an additional 4,200 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of Xplore Technologies Corp in the 4th quarter worth $142,000. Emerald Acquisition Ltd. acquired a new stake in shares of Xplore Technologies Corp in the 2nd quarter worth $398,000. G2 Investment Partners Management LLC lifted its stake in shares of Xplore Technologies Corp by 16.8% in the 3rd quarter. G2 Investment Partners Management LLC now owns 282,707 shares of the technology company’s stock worth $676,000 after acquiring an additional 40,737 shares during the period. Finally, AWM Investment Company Inc. lifted its stake in shares of 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 purchasing an additional 268,902 shares during the period. Hedge funds and other 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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