XPEL (NASDAQ:XPEL) Shares Down 5.4%

XPEL, Inc. (NASDAQ:XPEL) shares traded down 5.4% during trading on Monday . The stock traded as low as $53.75 and last traded at $53.94. 30,084 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 133,739 shares. The stock had previously closed at $57.00.

XPEL Stock Down 0.7 %

The firm has a fifty day simple moving average of $53.71 and a 200 day simple moving average of $53.42. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.10 and a current ratio of 4.02. The company has a market cap of $1.48 billion, a PE ratio of 28.14 and a beta of 1.84.

XPEL (NASDAQ:XPEL) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.02). XPEL had a return on equity of 34.38% and a net margin of 13.32%. The company had revenue of $105.54 million for the quarter, compared to analysts’ expectations of $96.61 million. During the same period in the prior year, the business earned $0.30 EPS. The business’s revenue for the quarter was up 34.5% on a year-over-year basis. Equities research analysts predict that XPEL, Inc. will post 2.2 EPS for the current year.

Hedge Funds Weigh In On XPEL

Hedge funds and other institutional investors have recently made changes to their positions in the business. Federated Hermes Inc. acquired a new position in XPEL in the 3rd quarter worth $28,000. PNC Financial Services Group Inc. increased its holdings in XPEL by 118.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 601 shares of the company’s stock worth $32,000 after purchasing an additional 326 shares during the last quarter. State of Wyoming acquired a new position in shares of XPEL in the 2nd quarter valued at approximately $36,000. Russell Investments Group Ltd. purchased a new position in shares of XPEL during the 1st quarter valued at approximately $45,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of XPEL during the first quarter worth approximately $51,000. Institutional investors and hedge funds own 75.08% of the company’s stock.

About XPEL

XPEL, Inc sells, distributes, and installs protective films and coatings worldwide. The company offers automotive surface and paint protection film, headlight protection, and automotive and architectural window films, as well as proprietary DAP software. It also provides pre-cut film products, merchandise and apparel, ceramic coatings, and tools and accessories.