Xplore Technologies Corp (NASDAQ:XPLR) received a $4.00 price target from analysts at Maxim Group in a research note issued to investors on Thursday. The brokerage currently has a “buy” rating on the technology company’s stock. Maxim Group’s price objective would suggest a potential upside of 74.67% from the company’s previous close.

A number of other equities research analysts also recently weighed in on XPLR. ValuEngine upgraded Xplore Technologies Corp from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Zacks Investment Research downgraded Xplore Technologies Corp from a “hold” rating to a “sell” rating in a report on Friday, July 7th. Finally, Roth Capital set a $2.00 price target on Xplore Technologies Corp and gave the company a “hold” rating in a report on Tuesday.

Shares of Xplore Technologies Corp (NASDAQ XPLR) opened at 2.29 on Thursday. The firm’s market capitalization is $25.16 million. Xplore Technologies Corp has a 12-month low of $1.54 and a 12-month high of $2.99. The stock has a 50 day moving average price of $2.10 and a 200 day moving average price of $2.05.

Xplore Technologies Corp (NASDAQ:XPLR) last issued its quarterly earnings results on Wednesday, May 31st. The technology company reported ($0.04) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.06. Xplore Technologies Corp had a negative return on equity of 8.67% and a negative net margin of 3.27%. The business had revenue of $16.95 million during the quarter, compared to the consensus estimate of $18 million. Equities analysts anticipate that Xplore Technologies Corp will post ($0.06) earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XPLR. Russell Investments Group Ltd. bought a new position in Xplore Technologies Corp during the fourth quarter worth about $142,000. Renaissance Technologies LLC raised its position in Xplore Technologies Corp by 2.2% in the fourth quarter. Renaissance Technologies LLC now owns 103,000 shares of the technology company’s stock worth $208,000 after buying an additional 2,200 shares in the last quarter. Finally, Merriman Wealth Management LLC raised its position in Xplore Technologies Corp by 6.2% in the first quarter. Merriman Wealth Management LLC now owns 588,261 shares of the technology company’s stock worth $1,206,000 after buying an additional 34,303 shares in the last quarter. Institutional investors and hedge funds own 22.00% of the company’s stock.

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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