XPEL (NASDAQ:XPEL) Sees Unusually-High Trading Volume

XPEL, Inc. (NASDAQ:XPEL) saw an uptick in trading volume on Friday . 293,310 shares were traded during mid-day trading, an increase of 79% from the previous session’s volume of 163,514 shares.The stock last traded at $31.36 and had previously closed at $32.86.

Analysts Set New Price Targets

XPEL has been the topic of a number of recent research reports. B. Riley restated a “neutral” rating and set a $37.00 price target (down from $74.00) on shares of XPEL in a research note on Friday. Craig Hallum reaffirmed a “hold” rating and issued a $40.00 price target (down from $60.00) on shares of XPEL in a report on Friday.

XPEL Stock Performance

The business’s fifty day moving average price is $52.77 and its 200-day moving average price is $51.76. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.81 and a quick ratio of 1.10. The stock has a market capitalization of $886.09 million, a PE ratio of 18.54 and a beta of 1.84.

XPEL (NASDAQ:XPEL) last posted its earnings results on Thursday, May 2nd. The company reported $0.24 earnings per share (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 analysts’ expectations of $94.08 million. XPEL had a return on equity of 29.11% and a net margin of 11.99%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 earnings per share. As a group, equities research analysts expect that XPEL, Inc. will post 2.2 EPS for the current year.

Hedge Funds Weigh In On XPEL

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wasatch Advisors LP raised its stake in XPEL by 25.6% in the fourth quarter. Wasatch Advisors LP now owns 3,614,809 shares of the company’s stock valued at $194,657,000 after purchasing an additional 737,094 shares in the last quarter. Capital World Investors increased its holdings in shares of XPEL by 34.9% in the 4th quarter. Capital World Investors now owns 903,527 shares of the company’s stock worth $48,655,000 after buying an additional 233,542 shares during the last quarter. FMR LLC purchased a new stake in shares of XPEL during the 3rd quarter valued at $12,780,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of XPEL during the 1st quarter worth $7,000,000. Finally, Bares Capital Management Inc. grew its position in XPEL by 13.0% in the fourth quarter. Bares Capital Management Inc. now owns 726,082 shares of the company’s stock worth $39,100,000 after acquiring an additional 83,311 shares in the last quarter. 75.08% of the stock is currently owned by hedge funds and other institutional investors.

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.