XPEL (NASDAQ:XPEL) Stock Falls 6.5% – Here’s Why

XPEL, Inc. (NASDAQ:XPEL) dropped 6.5% on Tuesday. The company traded as low as $42.10 and last traded at $41.95. 186,527 shares traded hands during trading, a decline of 21% from the average session volume of 236,041 shares. The stock had previously closed at $44.85.

Analyst Upgrades and Downgrades

XPEL has been the subject of several research analyst reports. Weiss Ratings upgraded shares of XPEL from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. B. Riley Financial raised their price objective on XPEL from $55.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Freedom Capital raised XPEL from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $65.00.

XPEL Trading Down 4.1%

The stock has a market capitalization of $1.19 billion, a PE ratio of 21.83 and a beta of 1.18. The company has a quick ratio of 1.14, a current ratio of 2.61 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average price of $45.97 and a 200 day moving average price of $46.22.

XPEL (NASDAQ:XPEL) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.08. XPEL had a return on equity of 18.98% and a net margin of 10.77%. The firm had revenue of $143.05 million during the quarter, compared to analyst estimates of $135.09 million. During the same period last year, the company earned $0.59 earnings per share. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. Equities analysts expect that XPEL, Inc. will post 2.12 EPS for the current fiscal year.

Institutional Investors Weigh In On XPEL

Several hedge funds have recently added to or reduced their stakes in XPEL. BlackRock Inc. bought a new position in shares of XPEL during the 2nd quarter valued at about $190,144,000. SCS Capital Management LLC bought a new stake in XPEL in the 2nd quarter worth approximately $61,580,000. William Blair Investment Management LLC purchased a new stake in XPEL in the second quarter worth approximately $15,236,000. Polar Asset Management Partners Inc. purchased a new stake in XPEL in the second quarter worth approximately $10,466,000. Finally, Bank of New York Mellon Corp purchased a new stake in XPEL in the second quarter worth approximately $6,868,000. Institutional investors own 75.08% of the company’s stock.

XPEL Company Profile

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