Xplore Technologies Corp. (XPLR) Downgraded by Zacks Investment Research to “Hold”
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 subject of a number of other reports. Maxim Group initiated coverage on Xplore Technologies Corp. in a research report on Tuesday, September 13th. They set a buy rating and a $5.00 price objective for the company. Roth Capital reissued a neutral rating and set a $2.40 price objective (down from $3.50) on shares of Xplore Technologies Corp. in a research report on Wednesday, July 13th.
Xplore Technologies Corp. (NASDAQ:XPLR) opened at 2.22 on Wednesday. The stock’s 50 day moving average is $2.35 and its 200 day moving average is $2.73. Xplore Technologies Corp. has a 12-month low of $2.05 and a 12-month high of $6.15. The firm’s market cap is $24.26 million.
Xplore Technologies Corp. (NASDAQ:XPLR) last issued its quarterly earnings data on Wednesday, August 10th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.04. Xplore Technologies Corp. had a negative return on equity of 5.64% and a negative net margin of 1.99%. On average, equities research analysts expect that Xplore Technologies Corp. will post ($0.15) EPS for the current year.
A number of institutional investors have recently made changes to their positions in XPLR. Renaissance Technologies LLC boosted its position in shares of Xplore Technologies Corp. by 14.3% in the first quarter. Renaissance Technologies LLC now owns 33,500 shares of the company’s stock worth $117,000 after buying an additional 4,200 shares during the period. Emerald Acquisition Ltd. purchased a new position in shares of Xplore Technologies Corp. during the second quarter worth approximately $398,000. Vanguard Group Inc. boosted its position in shares of Xplore Technologies Corp. by 21.7% in the second quarter. Vanguard Group Inc. now owns 354,429 shares of the company’s stock worth $851,000 after buying an additional 63,200 shares during the period. Finally, Merriman Wealth Management LLC purchased a new position in shares of Xplore Technologies Corp. during the second quarter worth approximately $1,609,000. Institutional investors own 24.66% 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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