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 trading hands.

Wall Street Analysts Forecast Growth

XPEL has been the subject of several research analyst reports. Craig Hallum raised XPEL from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. B. Riley raised XPEL from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $37.00 to $58.00 in a research note on Friday, August 9th.

XPEL Stock Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 4.77 and a quick ratio of 1.62. The company has a 50 day simple moving average of $42.17 and a 200-day simple moving average of $39.99. The stock has a market cap of $1.18 billion, a P/E ratio of 24.56 and a beta of 1.85.

XPEL (NASDAQ:XPEL) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $105.67 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company’s revenue was up 7.5% compared to the same quarter last year. On average, equities analysts expect that XPEL, Inc. will post 1.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On XPEL

A number of hedge funds and other institutional investors have recently modified their holdings of XPEL. Mawer Investment Management Ltd. bought a new stake in shares of XPEL in the 2nd quarter valued at about $12,021,000. Schwartz Investment Counsel Inc. lifted its stake 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 valued at $18,207,000 after acquiring an additional 162,000 shares during the last quarter. Capital World Investors lifted its stake 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 valued at $56,003,000 after acquiring an additional 133,182 shares during the last quarter. Heritage Family Offices LLP bought a new stake in shares of XPEL in the 2nd quarter valued at about $2,909,000. Finally, Venator Management LLC bought a new stake in shares of XPEL in the 2nd quarter valued at about $1,778,000. Institutional investors 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.