XPEL (NASDAQ:XPEL) Shares Down 8.8% – Here’s Why

XPEL, Inc. (NASDAQ:XPEL) traded down 8.8% during mid-day trading on Monday . The company traded as low as $24.85 and last traded at $24.84. 191,240 shares changed hands during mid-day trading, a decline of 7% from the average session volume of 205,921 shares. The stock had previously closed at $27.25.

XPEL Stock Performance

The company has a market capitalization of $726.14 million, a P/E ratio of 15.01 and a beta of 1.83. The stock’s 50 day moving average price is $35.55 and its 200 day moving average price is $39.92.

XPEL (NASDAQ:XPEL) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.06). XPEL had a return on equity of 24.68% and a net margin of 11.61%. The company had revenue of $107.53 million for the quarter, compared to analyst estimates of $106.98 million. On average, analysts expect that XPEL, Inc. will post 1.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XPEL

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XPEL. State Street Corp grew its position in XPEL by 4.0% during the third quarter. State Street Corp now owns 842,141 shares of the company’s stock worth $36,524,000 after buying an additional 32,188 shares in the last quarter. Geode Capital Management LLC grew its position in XPEL by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 571,880 shares of the company’s stock worth $24,807,000 after acquiring an additional 25,526 shares during the last quarter. Schwartz Investment Counsel Inc. increased its stake in shares of XPEL by 4.9% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 537,000 shares of the company’s stock worth $21,448,000 after buying an additional 25,000 shares during the period. Mawer Investment Management Ltd. boosted its position in XPEL by 13.9% during the 4th quarter. Mawer Investment Management Ltd. now owns 397,533 shares of the company’s stock valued at $15,877,000 after buying an additional 48,586 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in XPEL by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 317,971 shares of the company’s stock worth $12,700,000 after acquiring an additional 3,701 shares during the last quarter. 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.