Zacks Investment Research upgraded shares of Xplore Technologies Corp (NASDAQ:XPLR) from a hold rating to a buy rating in a research report report published on Tuesday morning. Zacks Investment Research currently has $3.75 price objective on the technology company’s stock.
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 equities research analysts have also issued reports on the company. Maxim Group reissued a buy rating and set a $4.00 price target on shares of Xplore Technologies Corp in a research report on Wednesday, September 20th. Roth Capital upgraded Xplore Technologies Corp from a neutral rating to a buy rating and upped their price objective for the stock from $2.40 to $3.85 in a research note on Thursday, August 10th. Finally, ValuEngine upgraded Xplore Technologies Corp from a sell rating to a hold rating in a research note on Wednesday, August 16th.
Shares of Xplore Technologies Corp (XPLR) traded up 0.95% during trading on Tuesday, hitting $3.18. 9,204 shares of the stock were exchanged. The stock’s market cap is $35.00 million. Xplore Technologies Corp has a one year low of $1.54 and a one year high of $4.20. The stock’s 50 day moving average price is $3.52 and its 200 day moving average price is $2.54.
Xplore Technologies Corp (NASDAQ:XPLR) last posted its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.06. The business had revenue of $20.00 million for 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%. Equities research analysts predict that Xplore Technologies Corp will post $0.02 EPS for the current year.
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In other news, Chairman Philip S. Sassower sold 14,689 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $3.51, for a total value of $51,558.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Philip S. Sassower sold 47,153 shares of the stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $3.47, for a total value of $163,620.91. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 134,691 shares of company stock valued at $470,151. 14.00% of the stock is owned by company insiders.
An institutional investor recently raised its position in Xplore Technologies Corp stock. Merriman Wealth Management LLC lifted its holdings in Xplore Technologies Corp (NASDAQ:XPLR) by 1.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 594,676 shares of the technology company’s stock after purchasing an additional 6,415 shares during the quarter. Merriman Wealth Management LLC owned 5.41% of Xplore Technologies Corp worth $1,160,000 as of its most recent filing with the SEC. Hedge funds and other 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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