Zacks Investment Research upgraded shares of Xplore Technologies Corp. (NASDAQ:XPLR) from a hold rating to a buy rating in a research report report published on Wednesday. Zacks Investment Research currently has $2.75 price target on the stock.

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 research reports. Maxim Group assumed coverage on shares of Xplore Technologies Corp. in a research note on Tuesday, September 13th. They issued a buy rating and a $5.00 price target on the stock. Roth Capital reiterated a neutral rating and issued a $2.40 price target (down previously from $3.50) on shares of Xplore Technologies Corp. in a research note on Wednesday, July 13th.

Shares of Xplore Technologies Corp. (NASDAQ:XPLR) opened at 2.28 on Wednesday. The company’s market capitalization is $24.91 million. The company has a 50 day moving average price of $2.42 and a 200 day moving average price of $2.94. Xplore Technologies Corp. has a 1-year low of $2.10 and a 1-year high of $6.15.

Xplore Technologies Corp. (NASDAQ:XPLR) last announced its quarterly earnings results on Wednesday, August 10th. The company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.04. Xplore Technologies Corp. had a negative net margin of 1.99% and a negative return on equity of 5.64%. Equities analysts predict that Xplore Technologies Corp. will post ($0.15) EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake in Xplore Technologies Corp. by 14.3% in the first quarter. Renaissance Technologies LLC now owns 33,500 shares of the company’s stock worth $117,000 after buying an additional 4,200 shares during the period. Royal Bank of Canada raised its stake in Xplore Technologies Corp. by 1.6% in the first quarter. Royal Bank of Canada now owns 279,085 shares of the company’s stock worth $974,000 after buying an additional 4,266 shares during the period. Summit Capital Management LLC raised its stake in Xplore Technologies Corp. by 1.9% in the first quarter. Summit Capital Management LLC now owns 671,818 shares of the company’s stock worth $2,345,000 after buying an additional 12,740 shares during the period. Granite Investment Partners LLC raised its stake in Xplore Technologies Corp. by 22.3% in the first quarter. Granite Investment Partners LLC now owns 302,173 shares of the company’s stock worth $1,054,000 after buying an additional 55,141 shares during the period. Finally, Vanguard Group Inc. raised its stake in Xplore Technologies Corp. by 21.7% in the second quarter. Vanguard Group Inc. now owns 354,429 shares of the company’s stock worth $851,000 after buying an additional 63,200 shares during the period. 24.66% of the stock is currently owned by institutional investors.

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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