Xplore Technologies Corp (XPLR) Rating Lowered to Strong Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Xplore Technologies Corp (NASDAQ:XPLR) from a hold rating to a strong sell rating in a research report report published on Saturday morning.

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. “

XPLR has been the topic of several other reports. ValuEngine raised Xplore Technologies Corp from a sell rating to a hold rating in a research report on Wednesday, August 16th. Maxim Group set a $4.00 target price on Xplore Technologies Corp and gave the stock a buy rating in a research report on Thursday, August 10th. Finally, Roth Capital raised Xplore Technologies Corp from a neutral rating to a buy rating and increased their price objective for the company from $2.40 to $3.85 in a report on Thursday, August 10th.

Xplore Technologies Corp (XPLR) opened at $3.36 on Friday. Xplore Technologies Corp has a 52-week low of $1.54 and a 52-week high of $4.20.

Xplore Technologies Corp (NASDAQ:XPLR) last issued its earnings results on Wednesday, November 8th. The technology company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.03. Xplore Technologies Corp had a return on equity of 1.24% and a net margin of 0.44%. The company had revenue of $22.75 million for the quarter, compared to analyst estimates of $20.00 million. sell-side analysts anticipate that Xplore Technologies Corp will post 0.03 EPS for the current fiscal year.

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In other news, Chairman Philip S. Sassower sold 72,849 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $3.50, for a total transaction of $254,971.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Thomas Wiley Wilkinson acquired 7,500 shares of the stock in a transaction dated Tuesday, November 14th. The shares were bought at an average cost of $3.35 per share, for a total transaction of $25,125.00. Following the acquisition, the chief executive officer now owns 37,865 shares in the company, valued at approximately $126,847.75. The disclosure for this purchase can be found here. In the last three months, insiders have bought 17,500 shares of company stock worth $53,175 and have sold 134,691 shares worth $470,151. Corporate insiders own 13.20% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Merriman Wealth Management LLC boosted its stake 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 valued at $1,160,000 after purchasing an additional 6,415 shares during the period. JPMorgan Chase & Co. bought a new stake in Xplore Technologies Corp during the 3rd quarter valued at approximately $121,000. Macquarie Group Ltd. bought a new stake in Xplore Technologies Corp during the 3rd quarter valued at approximately $153,000. Finally, Dimensional Fund Advisors LP bought a new stake in Xplore Technologies Corp during the 3rd quarter valued at approximately $212,000. Hedge funds and other institutional investors own 16.61% 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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