Maxim Group Reiterates Buy Rating for Xplore Technologies Corp (XPLR)
Maxim Group restated their buy rating on shares of Xplore Technologies Corp (NASDAQ:XPLR) in a research note issued to investors on Wednesday. Maxim Group currently has a $4.00 price objective on the technology company’s stock.
“XPLR secured another multimillion-dollar follow-up order, and the second since August, with a top telecommunications providers fiber optic division. The company has additionally received two other orders this month, including a million dollar rugged tablet order from a Latin American law enforcement agency and a follow-up order from a Class 1 railroad in North America. We believe that the recent follow-up orders, as well as new orders, show signs of a recovery in demand, suggesting high satisfaction in its rugged tablets, and that a fundamental recovery is on track.”,” Maxim Group’s analyst commented.
XPLR has been the subject of a number of other research reports. Zacks Investment Research raised Xplore Technologies Corp from a hold rating to a strong-buy rating and set a $2.50 price target for the company in a research report on Tuesday, August 15th. ValuEngine raised Xplore Technologies Corp from a sell rating to a hold rating in a research report on Wednesday, August 16th. Finally, Roth Capital raised Xplore Technologies Corp from a neutral rating to a buy rating and upped their price target for the company from $2.40 to $3.85 in a research report on Thursday, August 10th.
Shares of Xplore Technologies Corp (NASDAQ XPLR) opened at 3.65 on Wednesday. Xplore Technologies Corp has a 1-year low of $1.54 and a 1-year high of $4.10. The company’s 50-day moving average price is $3.12 and its 200 day moving average price is $2.28. The firm’s market cap is $40.17 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 analysts’ consensus estimates of ($0.04) by $0.06. The business had revenue of $20.00 million during the quarter, compared to analyst estimates of $17.20 million. Xplore Technologies Corp had a negative return on equity of 1.92% and a negative net margin of 0.69%. On average, analysts predict that Xplore Technologies Corp will post $0.02 EPS for the current year.
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In other Xplore Technologies Corp news, Chairman Philip S. Sassower sold 72,849 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $3.50, for a total transaction of $254,971.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Philip S. Sassower sold 14,689 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $3.51, for a total value of $51,558.39. The disclosure for this sale can be found here. Insiders have sold a total of 134,691 shares of company stock valued at $470,151 in the last ninety days. 14.00% of the stock is currently owned by corporate insiders.
An institutional investor recently raised its position in Xplore Technologies Corp stock. Merriman Wealth Management LLC increased its stake in Xplore Technologies Corp (NASDAQ:XPLR) by 1.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 594,676 shares of the technology company’s stock after buying an additional 6,415 shares during the period. Merriman Wealth Management LLC owned 5.41% of Xplore Technologies Corp worth $1,160,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 17.36% 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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