XPEL’s (XPEL) “Neutral” Rating Reiterated at B. Riley

B. Riley restated their neutral rating on shares of XPEL (NASDAQ:XPEL) in a report released on Friday, Marketbeat.com reports. B. Riley currently has a $37.00 price target on the stock, down from their prior price target of $74.00.

XPEL Stock Down 2.4 %

NASDAQ:XPEL opened at $32.07 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.10 and a current ratio of 4.81. The company has a market capitalization of $886.09 million, a price-to-earnings ratio of 18.54 and a beta of 1.84. XPEL has a one year low of $30.75 and a one year high of $87.46. The stock has a 50-day simple moving average of $52.77 and a 200 day simple moving average of $51.60.

XPEL (NASDAQ:XPEL) last issued 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 firm had revenue of $90.10 million during the quarter, compared to analyst estimates of $94.08 million. XPEL had a return on equity of 29.11% and a net margin of 11.99%. XPEL’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 EPS. Sell-side analysts predict that XPEL will post 2.2 EPS for the current fiscal year.

Institutional Investors Weigh In On XPEL

Several institutional investors and hedge funds have recently bought and sold shares of XPEL. Los Angeles Capital Management LLC acquired a new stake in shares of XPEL during the 3rd quarter worth approximately $215,000. Dakota Wealth Management acquired a new stake in XPEL in the third quarter worth $218,000. WINTON GROUP Ltd bought a new stake in XPEL in the third quarter valued at $222,000. Mendota Financial Group LLC acquired a new position in shares of XPEL during the first quarter valued at $175,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of XPEL by 28.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,493 shares of the company’s stock worth $269,000 after acquiring an additional 771 shares during the last quarter. Institutional investors and hedge funds own 75.08% of the company’s stock.

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.