XPEL (NASDAQ:XPEL) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of XPEL (NASDAQ:XPEL) from a hold rating to a sell rating in a research report report published on Saturday, Zacks.com reports.

According to Zacks, “XPEL Inc. is a provider of protective films and coatings which includes automotive paint protection film, surface protection film, automotive and architectural window films and ceramic coatings. XPEL Inc. is based in San Antonio, United States. “

Separately, B. Riley reduced their target price on XPEL from $18.00 to $17.00 and set a buy rating on the stock in a research note on Friday, May 15th.

Shares of XPEL stock opened at $15.94 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.93 and a quick ratio of 1.65. The business’s 50 day simple moving average is $15.05 and its two-hundred day simple moving average is $13.77. The stock has a market capitalization of $435.13 million and a P/E ratio of 31.88. XPEL has a one year low of $5.14 and a one year high of $18.05.

XPEL (NASDAQ:XPEL) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.06 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.06. The business had revenue of $28.39 million for the quarter, compared to analysts’ expectations of $25.32 million. XPEL had a return on equity of 45.91% and a net margin of 10.28%. Sell-side analysts expect that XPEL will post 0.36 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Cloverdale Capital Management LLC bought a new stake in XPEL in the first quarter worth $3,241,000. BlackRock Inc. boosted its holdings in XPEL by 8.0% in the first quarter. BlackRock Inc. now owns 196,600 shares of the company’s stock worth $1,970,000 after acquiring an additional 14,579 shares in the last quarter. Geode Capital Management LLC bought a new stake in XPEL in the fourth quarter worth $2,475,000. EAM Global Investors LLC boosted its holdings in XPEL by 14.4% in the first quarter. EAM Global Investors LLC now owns 104,365 shares of the company’s stock worth $1,046,000 after acquiring an additional 13,156 shares in the last quarter. Finally, CLARET ASSET MANAGEMENT Corp boosted its holdings in XPEL by 3.0% in the first quarter. CLARET ASSET MANAGEMENT Corp now owns 77,788 shares of the company’s stock worth $779,000 after acquiring an additional 2,233 shares in the last quarter. 17.22% of the stock is currently owned by institutional investors and hedge funds.

About XPEL

XPEL, Inc manufactures, sells, distributes, and installs after-market automotive products in the United States, Canada, the United Kingdom, and the Netherlands. The company offers paint protection films; headlight protection; automotive window films; and plotters. It also provides apparel, merchandise, aftercare products, paint protection films, microfiber products, install tools, and paint protection film install tolls through online.

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