XPEL (NASDAQ:XPEL) Shares Gap Down – Here’s What Happened

XPEL, Inc. (NASDAQ:XPEL)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $41.76, but opened at $37.51. XPEL shares last traded at $40.82, with a volume of 49,857 shares changing hands.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. B. Riley upgraded XPEL from a “neutral” rating to a “buy” rating and boosted their price target for the company from $37.00 to $58.00 in a report on Friday, August 9th. Craig Hallum upgraded XPEL from a “hold” rating to a “buy” rating in a report on Thursday, August 8th.

XPEL Price Performance

The business has a fifty day simple moving average of $42.17 and a two-hundred day simple moving average of $39.99. The company has a current ratio of 4.77, a quick ratio of 1.62 and a debt-to-equity ratio of 0.06. The stock has a market cap of $1.18 billion, a PE ratio of 24.56 and a beta of 1.85.

XPEL (NASDAQ:XPEL) last posted its earnings results on Thursday, August 8th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.08. XPEL had a return on equity of 26.80% and a net margin of 11.59%. The firm had revenue of $109.92 million for the quarter, compared to the consensus estimate of $105.67 million. During the same quarter in the prior year, the business earned $0.57 EPS. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. Research analysts forecast that XPEL, Inc. will post 1.65 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in XPEL. Mawer Investment Management Ltd. bought a new stake in shares of XPEL in the 2nd quarter worth approximately $12,021,000. Schwartz Investment Counsel Inc. boosted its position in shares of XPEL by 46.3% in the 2nd quarter. Schwartz Investment Counsel Inc. now owns 512,000 shares of the company’s stock worth $18,207,000 after purchasing an additional 162,000 shares in the last quarter. Capital World Investors boosted its position in shares of XPEL by 14.7% in the 1st quarter. Capital World Investors now owns 1,036,709 shares of the company’s stock worth $56,003,000 after purchasing an additional 133,182 shares in the last quarter. Heritage Family Offices LLP bought a new stake in shares of XPEL in the 2nd quarter worth approximately $2,909,000. Finally, Venator Management LLC bought a new stake in shares of XPEL in the 2nd quarter worth approximately $1,778,000. Hedge funds and other institutional investors own 75.08% of the company’s stock.

About XPEL

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.