XPEL (NASDAQ:XPEL) Stock Price Down 5.8%

XPEL, Inc. (NASDAQ:XPEL) shares traded down 5.8% during trading on Monday . The company traded as low as $33.17 and last traded at $33.51. 152,563 shares changed hands during trading, a decline of 24% from the average session volume of 199,597 shares. The stock had previously closed at $35.56.

Wall Street Analyst Weigh In

A number of research firms have commented on XPEL. Craig Hallum restated a “hold” rating and set a $40.00 price target (down from $60.00) on shares of XPEL in a research report on Friday, May 3rd. B. Riley restated a “neutral” rating and issued a $37.00 target price (down from $74.00) on shares of XPEL in a research report on Friday, May 3rd.

XPEL Trading Down 4.9 %

The company has a quick ratio of 1.34, a current ratio of 4.81 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $933.89 million, a price-to-earnings ratio of 19.30 and a beta of 1.72. The firm’s 50 day moving average is $38.81 and its 200 day moving average is $48.30.

XPEL (NASDAQ:XPEL) last announced its earnings results on Thursday, May 2nd. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.02). The company had revenue of $90.10 million for the quarter, compared to analysts’ expectations of $94.08 million. XPEL had a net margin of 11.99% and a return on equity of 29.11%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.41 earnings per share. Equities analysts forecast that XPEL, Inc. will post 1.6 earnings per share for the current year.

Insider Transactions at XPEL

In other XPEL news, Director John F. North bought 3,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were bought at an average price of $32.17 per share, for a total transaction of $96,510.00. Following the acquisition, the director now directly owns 3,799 shares of the company’s stock, valued at $122,213.83. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 9.50% of the stock is currently owned by insiders.

Institutional Trading of XPEL

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wasatch Advisors LP increased its stake in shares of XPEL by 25.6% during the 4th quarter. Wasatch Advisors LP now owns 3,614,809 shares of the company’s stock worth $194,657,000 after purchasing an additional 737,094 shares during the last quarter. Evoke Wealth LLC bought a new position in XPEL during the fourth quarter valued at about $2,249,000. Heritage Wealth Management LLC acquired a new stake in shares of XPEL in the fourth quarter worth about $4,405,000. Cumberland Partners Ltd bought a new stake in shares of XPEL during the 4th quarter worth about $1,481,000. Finally, Bares Capital Management Inc. increased its holdings in shares of XPEL by 13.0% during the 4th quarter. Bares Capital Management Inc. now owns 726,082 shares of the company’s stock valued at $39,100,000 after acquiring an additional 83,311 shares during the last quarter. 75.08% of the stock is currently owned by hedge funds and other institutional investors.

XPEL Company Profile

XPEL, Inc sells, distributes, and installs protective films and coatings worldwide. The company offers automotive surface and paint protection film, headlight protection, and automotive and architectural window films, as well as proprietary DAP software. It also provides pre-cut film products, merchandise and apparel, ceramic coatings, and tools and accessories.