Zacks Investment Research lowered shares of Xplore Technologies Corp. (NASDAQ:XPLR) from a buy rating to a hold rating in a research note published 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. “
Several other equities research analysts have also issued reports on the company. Maxim Group initiated coverage on Xplore Technologies Corp. in a report on Tuesday, September 13th. They set a buy rating and a $5.00 price target for the company. Roth Capital restated a neutral rating and issued a $2.40 target price (down from $3.50) on shares of Xplore Technologies Corp. in a report on Wednesday, July 13th.
Xplore Technologies Corp. (NASDAQ:XPLR) opened at 2.26 on Wednesday. The company’s 50-day moving average price is $2.36 and its 200 day moving average price is $2.75. Xplore Technologies Corp. has a 52 week low of $2.05 and a 52 week high of $6.15. The company’s market capitalization is $24.69 million.
Xplore Technologies Corp. (NASDAQ:XPLR) last announced its quarterly earnings results on Wednesday, August 10th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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) EPS for the current year.
A number of large investors have recently bought and sold shares of the company. Merriman Wealth Management LLC bought a new stake in Xplore Technologies Corp. during the second quarter valued at $1,609,000. Emerald Acquisition Ltd. acquired a new position in shares of Xplore Technologies Corp. during the second quarter valued at approximately $398,000. Vanguard Group Inc. increased 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 valued at $851,000 after buying an additional 63,200 shares in the last quarter. Finally, Renaissance Technologies LLC increased 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 valued at $117,000 after buying an additional 4,200 shares in the last quarter. Hedge funds and other institutional investors own 24.66% 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.