XPEL (NASDAQ:XPEL) Shares Climb 4.9% – Here’s What Happened

XPEL, Inc. (NASDAQ:XPEL)’s stock price was up 4.9% during trading on Tuesday. The stock traded as high as $40.09 and last traded at $39.8550. 146,732 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 243,793 shares. The stock had previously closed at $38.01.

Wall Street Analyst Weigh In

XPEL has been the subject of several recent analyst reports. Zacks Research cut XPEL from a “hold” rating to a “strong sell” rating in a research report on Friday, November 6th. Freedom Capital upgraded shares of XPEL from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Weiss Ratings lowered XPEL from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. Finally, B. Riley Financial boosted their target price on shares of XPEL from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, XPEL has a consensus rating of “Moderate Buy” and a consensus target price of $65.00.

XPEL Stock Down 3.3%

The company has a debt-to-equity ratio of 0.13, a current ratio of 2.56 and a quick ratio of 1.18. The stock has a market capitalization of $1.07 billion, a P/E ratio of 18.54 and a beta of 1.20. The firm has a 50 day moving average of $44.60 and a 200-day moving average of $45.74.

XPEL (NASDAQ:XPEL) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. XPEL had a return on equity of 19.39% and a net margin of 11.17%. The company had revenue of $137.81 million during the quarter, compared to the consensus estimate of $138.75 million. During the same quarter last year, the company earned $0.47 EPS. The company’s quarterly revenue was up 9.9% on a year-over-year basis. On average, equities research analysts expect that XPEL, Inc. will post 2.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Public Sector Pension Investment Board increased its holdings in XPEL by 27.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 110,388 shares of the company’s stock valued at $5,050,000 after buying an additional 23,982 shares during the period. Roubaix Capital LLC lifted its holdings in shares of XPEL by 8.8% during the 3rd quarter. Roubaix Capital LLC now owns 101,840 shares of the company’s stock worth $4,498,000 after acquiring an additional 8,265 shares during the period. Bridges Investment Management Inc. lifted its holdings in shares of XPEL by 1.4% during the 3rd quarter. Bridges Investment Management Inc. now owns 80,498 shares of the company’s stock worth $3,556,000 after acquiring an additional 1,093 shares during the period. King Luther Capital Management Corp acquired a new stake in shares of XPEL during the 3rd quarter valued at about $6,090,000. Finally, Maryland State Retirement & Pension System acquired a new stake in shares of XPEL during the 3rd quarter valued at about $247,000. 75.08% of the stock is currently owned by institutional investors and hedge funds.

XPEL Company Profile

XPEL, Inc. develops and distributes protective films, coatings and related products for vehicles and buildings. Its automotive offerings include paint protection film, window tint and ceramic coatings designed to help protect vehicle surfaces and interiors. The company also serves the architectural market with films for glass and other building surfaces. XPEL supports product installation through a network of dealers and installers, along with training, installation tools and its Design Access Program software, which provides digital patterns for cutting protective films.