Xplore Technologies Corp (XPLR) Downgraded by Zacks Investment Research to Strong Sell
Xplore Technologies Corp (NASDAQ:XPLR) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday.
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. “
Other analysts have also recently issued reports about the company. Roth Capital raised Xplore Technologies Corp from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $2.40 to $3.85 in a report on Thursday, August 10th. Maxim Group set a $4.00 price objective on Xplore Technologies Corp and gave the company a “buy” rating in a report on Thursday, August 10th. Finally, ValuEngine raised Xplore Technologies Corp from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th.
Shares of Xplore Technologies Corp (XPLR) opened at $3.14 on Friday. Xplore Technologies Corp has a fifty-two week low of $1.54 and a fifty-two week high of $4.20.
Xplore Technologies Corp (NASDAQ:XPLR) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.03. The business had revenue of $22.75 million during the quarter, compared to analysts’ expectations of $20.00 million. Xplore Technologies Corp had a return on equity of 1.24% and a net margin of 0.44%. sell-side analysts anticipate that Xplore Technologies Corp will post 0.03 EPS for the current year.
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In other news, Chairman Philip S. Sassower sold 72,849 shares of Xplore Technologies Corp stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $3.50, for a total value of $254,971.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Philip S. Sassower sold 14,689 shares of Xplore Technologies Corp stock in a transaction 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. In the last quarter, insiders sold 134,691 shares of company stock worth $470,151. Corporate insiders own 14.00% of the company’s stock.
A number of hedge funds have recently modified their holdings of XPLR. Merriman Wealth Management LLC grew its position in Xplore Technologies Corp by 1.1% during the 2nd quarter. Merriman Wealth Management LLC now owns 594,676 shares of the technology company’s stock worth $1,160,000 after acquiring an additional 6,415 shares during the last quarter. Macquarie Group Ltd. bought a new stake in Xplore Technologies Corp during the 3rd quarter worth $153,000. Finally, JPMorgan Chase & Co. acquired a new position in Xplore Technologies Corp during the 3rd quarter worth about $121,000. Institutional investors and hedge funds own 16.64% 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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