Xplore Technologies (XPLR) Stock Rating Upgraded by Zacks Investment Research

Xplore Technologies (NASDAQ:XPLR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Saturday.

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 research reports. Maxim Group restated a “buy” rating and issued a $5.00 price target on shares of Xplore Technologies in a report on Friday, January 19th. ValuEngine downgraded shares of Xplore Technologies from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd.

Xplore Technologies (NASDAQ:XPLR) traded down $0.01 during midday trading on Friday, reaching $2.98. 54,189 shares of the company traded hands, compared to its average volume of 45,950. Xplore Technologies has a 52-week low of $1.54 and a 52-week high of $4.20. The stock has a market capitalization of $32.95, a price-to-earnings ratio of 298.30, a price-to-earnings-growth ratio of 9.97 and a beta of 0.93.

Xplore Technologies (NASDAQ:XPLR) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.03. Xplore Technologies had a net margin of 0.54% and a return on equity of 3.76%. The firm had revenue of $22.75 million for the quarter, compared to analyst estimates of $20.00 million. equities analysts expect that Xplore Technologies will post 0.03 EPS for the current year.

In other news, CEO Thomas Wiley Wilkinson acquired 7,500 shares of the stock in a transaction on Tuesday, November 14th. The stock was bought at an average price of $3.35 per share, with a total value of $25,125.00. Following the completion of the transaction, the chief executive officer now directly owns 37,865 shares of the company’s stock, valued at $126,847.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Randy W. Denny acquired 10,300 shares of the stock in a transaction on Thursday, November 30th. The stock was purchased at an average cost of $3.00 per share, with a total value of $30,900.00. Following the transaction, the vice president now directly owns 300 shares of the company’s stock, valued at $900. The disclosure for this purchase can be found here. Insiders acquired 44,203 shares of company stock valued at $131,976 in the last ninety days. 13.20% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of XPLR. Macquarie Group Ltd. acquired a new stake in Xplore Technologies in the third quarter valued at approximately $153,000. JPMorgan Chase & Co. acquired a new stake in Xplore Technologies in the third quarter valued at approximately $121,000. Finally, Dimensional Fund Advisors LP acquired a new stake in Xplore Technologies in the third quarter valued at approximately $212,000. 20.43% of the stock is owned by institutional investors.

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About Xplore Technologies

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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