Royal Bank of Canada Grows Holdings in Xplore Technologies Corp (XPLR)
Royal Bank of Canada grew its holdings in shares of Xplore Technologies Corp (NASDAQ:XPLR) by 0.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 215,195 shares of the technology company’s stock after buying an additional 1 shares during the quarter. Royal Bank of Canada owned 1.96% of Xplore Technologies Corp worth $420,000 at the end of the most recent quarter.
Separately, Merriman Wealth Management LLC grew its stake in Xplore Technologies Corp by 1.1% during the second quarter. Merriman Wealth Management LLC now owns 594,676 shares of the technology company’s stock worth $1,160,000 after buying an additional 6,415 shares during the period. 16.61% of the stock is owned by institutional investors and hedge funds.
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Shares of Xplore Technologies Corp (NASDAQ XPLR) opened at $3.36 on Wednesday. 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 announced its earnings results on Wednesday, November 8th. The technology company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.03. The business had revenue of $22.75 million during the quarter, compared to the consensus estimate of $20.00 million. Xplore Technologies Corp had a net margin of 0.44% and a return on equity of 1.24%. equities research analysts predict that Xplore Technologies Corp will post 0.03 earnings per share for the current year.
In other news, Chairman Philip S. Sassower sold 14,689 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $3.51, for a total value of $51,558.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas Wiley Wilkinson bought 7,500 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was purchased at an average price of $3.35 per share, with a total value of $25,125.00. Following the completion of the purchase, the chief executive officer now directly owns 37,865 shares of the company’s stock, valued at approximately $126,847.75. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 17,500 shares of company stock valued at $53,175 and sold 134,691 shares valued at $470,151. 13.20% of the stock is currently owned by corporate insiders.
XPLR has been the subject of several research reports. Zacks Investment Research downgraded shares of Xplore Technologies Corp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 12th. Maxim Group set a $4.00 price objective on shares of Xplore Technologies Corp and gave the stock a “buy” rating in a research note on Thursday, August 10th. ValuEngine upgraded shares of Xplore Technologies Corp from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, Roth Capital upgraded shares of Xplore Technologies Corp from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $2.40 to $3.85 in a research note on Thursday, August 10th.
About Xplore Technologies Corp
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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