Zacks Investment Research cut shares of Xplore Technologies Corp (NASDAQ:XPLR) from a buy rating to a hold rating in a research report sent to investors 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. “
Several other brokerages have also commented on XPLR. Maxim Group set a $4.00 price objective on shares of Xplore Technologies Corp and gave the stock a buy rating in a report on Thursday, August 10th. ValuEngine upgraded shares of Xplore Technologies Corp from a sell rating to a hold rating in a research note on Wednesday, August 16th. Finally, Roth Capital set a $2.00 price target on shares of Xplore Technologies Corp and gave the stock a hold rating in a research note on Tuesday, August 8th.
Xplore Technologies Corp (NASDAQ XPLR) opened at 3.17 on Wednesday. Xplore Technologies Corp has a 52 week low of $1.54 and a 52 week high of $4.20. The company’s 50-day moving average is $3.49 and its 200-day moving average is $2.55. The company’s market cap is $34.89 million.
Xplore Technologies Corp (NASDAQ:XPLR) last issued its quarterly earnings data on Wednesday, August 9th. The technology company reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.06. Xplore Technologies Corp had a negative net margin of 0.69% and a negative return on equity of 1.92%. The business had revenue of $20.00 million during the quarter, compared to analyst estimates of $17.20 million. On average, analysts anticipate that Xplore Technologies Corp will post $0.02 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This report was first reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.com-unik.info/2017/10/29/xplore-technologies-corp-xplr-cut-to-hold-at-zacks-investment-research.html.
In related news, Chairman Philip S. Sassower sold 14,689 shares of the stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $3.51, for a total value of $51,558.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Philip S. Sassower sold 72,849 shares of the stock in a transaction dated 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. Over the last quarter, insiders sold 134,691 shares of company stock valued at $470,151. 14.00% of the stock is owned by company insiders.
A hedge fund recently raised its stake in Xplore Technologies Corp stock. Merriman Wealth Management LLC increased its holdings in Xplore Technologies Corp (NASDAQ:XPLR) by 1.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 594,676 shares of the technology company’s stock after acquiring an additional 6,415 shares during the quarter. Merriman Wealth Management LLC owned about 5.41% of Xplore Technologies Corp worth $1,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
What are top analysts saying about Xplore Technologies Corp? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Xplore Technologies Corp and related companies.