XPEL (NASDAQ:XPEL) Shares Gap Down to $65.51


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Shares of XPEL, Inc. (NASDAQ:XPEL) gapped down before the market opened on Tuesday . The stock had previously closed at $65.51, but opened at $62.51. XPEL shares last traded at $63.89, with a volume of 492 shares traded.

A number of brokerages have issued reports on XPEL. B. Riley boosted their price target on XPEL from $44.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday, March 10th. Craig Hallum upped their target price on XPEL from $55.00 to $70.00 and gave the company a “buy” rating in a report on Friday, March 12th. Finally, Zacks Investment Research raised XPEL from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Wednesday, April 14th.

The stock has a 50 day moving average price of $58.64 and a two-hundred day moving average price of $48.87. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.84 and a current ratio of 2.61. The company has a market capitalization of $1.72 billion, a PE ratio of 116.49 and a beta of 2.05.

XPEL (NASDAQ:XPEL) last posted its quarterly earnings results on Thursday, March 11th. The company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.05. XPEL had a return on equity of 44.17% and a net margin of 10.55%. Sell-side analysts predict that XPEL, Inc. will post 0.52 earnings per share for the current year.

In related news, Director Richard K. Crumly sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 17th. The stock was sold at an average price of $60.70, for a total value of $758,750.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard K. Crumly sold 34,000 shares of the firm’s stock in a transaction that occurred on Friday, February 19th. The shares were sold at an average price of $53.39, for a total value of $1,815,260.00. Insiders sold a total of 100,740 shares of company stock worth $5,730,479 over the last three months. 40.20% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Strs Ohio lifted its position in shares of XPEL by 386.0% during the 3rd quarter. Strs Ohio now owns 20,900 shares of the company’s stock worth $545,000 after buying an additional 16,600 shares during the period. Redhawk Wealth Advisors Inc. bought a new position in shares of XPEL during the 4th quarter worth approximately $380,000. Venture Visionary Partners LLC bought a new position in shares of XPEL during the 4th quarter worth approximately $1,046,000. Cornerstone Investment Partners LLC bought a new position in shares of XPEL during the 4th quarter worth approximately $306,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of XPEL during the 4th quarter worth approximately $113,000. 19.32% of the stock is currently owned by hedge funds and other institutional investors.

About XPEL (NASDAQ:XPEL)

XPEL, Inc manufactures, sells, distributes, and installs after-market automotive products in the United States, China, Canada, Continental Europe, the United Kingdom, Asia Pacific, Latin America, the Middle East/Africa, and internationally. The company offers automotive surface and paint protection, headlight protection, and automotive and architectural window films, as well as proprietary software.

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