Xplore Technologies Corp (NASDAQ:XPLR) was upgraded by Roth Capital from a “neutral” rating to a “buy” rating in a report issued on Thursday.

Other equities research analysts have also issued research reports about the stock. Maxim Group set a $4.00 price target on shares of Xplore Technologies Corp and gave the company a “buy” rating in a research report on Thursday, June 1st. Zacks Investment Research raised shares of Xplore Technologies Corp from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, ValuEngine raised shares of Xplore Technologies Corp from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd.

Shares of Xplore Technologies Corp (NASDAQ:XPLR) traded down 0.87% during trading on Thursday, reaching $2.27. 13,010 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $2.10 and a 200 day moving average price of $2.05. Xplore Technologies Corp has a 12 month low of $1.54 and a 12 month high of $2.99. The firm’s market cap is $24.95 million.

Xplore Technologies Corp (NASDAQ:XPLR) last released its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.06. Xplore Technologies Corp had a negative net margin of 3.27% and a negative return on equity of 8.67%. The firm had revenue of $20 million during the quarter, compared to analyst estimates of $17.20 million. On average, analysts forecast that Xplore Technologies Corp will post ($0.06) EPS for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in XPLR. Russell Investments Group Ltd. bought a new position in shares of Xplore Technologies Corp during the fourth quarter worth about $142,000. Renaissance Technologies LLC increased its position in shares of Xplore Technologies Corp by 2.2% in the fourth quarter. Renaissance Technologies LLC now owns 103,000 shares of the technology company’s stock worth $208,000 after buying an additional 2,200 shares during the period. Finally, Merriman Wealth Management LLC increased its position in shares of Xplore Technologies Corp by 1.1% in the second quarter. Merriman Wealth Management LLC now owns 594,676 shares of the technology company’s stock worth $1,160,000 after buying an additional 6,415 shares during the period. Institutional investors own 22.00% 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.

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