Xplore Technologies Corp. (NASDAQ:XPLR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued 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. “
A number of other analysts also recently commented on XPLR. Roth Capital reissued a “neutral” rating and issued a $2.40 price objective (down previously from $3.50) on shares of Xplore Technologies Corp. in a research note on Wednesday, July 13th. Maxim Group started coverage on Xplore Technologies Corp. in a research note on Tuesday, September 13th. They issued a “buy” rating and a $5.00 price objective on the stock.
Xplore Technologies Corp. (NASDAQ:XPLR) opened at 2.37 on Wednesday. Xplore Technologies Corp. has a 52-week low of $2.10 and a 52-week high of $6.15. The stock’s market capitalization is $25.89 million. The company’s 50-day moving average price is $2.37 and its 200 day moving average price is $2.76.
Xplore Technologies Corp. (NASDAQ:XPLR) last posted its quarterly earnings data on Wednesday, August 10th. The company reported ($0.16) EPS for the quarter, topping the Zacks’ consensus estimate 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 anticipate that Xplore Technologies Corp. will post ($0.15) earnings per share for the current year.
Institutional investors have recently modified their holdings of the company. Merriman Wealth Management LLC bought a new position in shares of Xplore Technologies Corp. during the second quarter worth about $1,609,000. 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 last quarter. Emerald Acquisition Ltd. bought a new position in shares of Xplore Technologies Corp. during the second quarter worth about $398,000. Finally, 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 last quarter. Institutional investors and hedge funds own 24.66% 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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