XPEL (NASDAQ:XPEL) Sees Unusually-High Trading Volume

Shares of XPEL, Inc. (NASDAQ:XPEL) saw an uptick in trading volume on Friday . 293,310 shares were traded during trading, an increase of 79% from the previous session’s volume of 163,514 shares.The stock last traded at $31.36 and had previously closed at $32.86.

Wall Street Analysts Forecast Growth

XPEL has been the subject of a number of analyst reports. Craig Hallum reaffirmed a “hold” rating and issued a $40.00 price target (down previously from $60.00) on shares of XPEL in a research report on Friday. B. Riley restated a “neutral” rating and issued a $37.00 price objective (down previously from $74.00) on shares of XPEL in a research note on Friday.

XPEL Price Performance

The company has a market capitalization of $886.09 million, a price-to-earnings ratio of 16.88 and a beta of 1.84. The company has a 50-day moving average price of $53.19 and a 200-day moving average price of $51.98. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.10 and a current ratio of 4.02.

XPEL (NASDAQ:XPEL) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). The firm had revenue of $90.10 million for the quarter, compared to analyst estimates of $94.08 million. XPEL had a return on equity of 34.38% and a net margin of 13.32%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $0.41 EPS. On average, equities research analysts expect that XPEL, Inc. will post 2.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Mendota Financial Group LLC bought a new stake in XPEL in the first quarter valued at approximately $175,000. Los Angeles Capital Management LLC bought a new stake in shares of XPEL in the third quarter valued at about $215,000. Dakota Wealth Management acquired a new position in shares of XPEL in the third quarter valued at about $218,000. WINTON GROUP Ltd bought a new position in XPEL during the third quarter worth about $222,000. Finally, Aristides Capital LLC bought a new stake in XPEL in the 4th quarter valued at about $247,000. 75.08% of the stock is owned by institutional investors and hedge funds.

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.