XPEL (NASDAQ:XPEL) Shares Gap Down – Should You Sell?

XPEL, Inc. (NASDAQ:XPEL) gapped down prior to trading 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.

Analyst Ratings Changes

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

XPEL Stock Up 4.1 %

The firm has a market capitalization of $1.23 billion, a P/E ratio of 26.08 and a beta of 1.85. The firm’s 50 day moving average is $42.18 and its two-hundred day moving average is $39.94. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.77 and a quick ratio of 1.62.

XPEL (NASDAQ:XPEL) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. XPEL had a net margin of 11.59% and a return on equity of 26.80%. The company had revenue of $112.85 million for the quarter, compared to analyst estimates of $114.59 million. During the same period in the previous year, the business earned $0.56 EPS. XPEL’s revenue for the quarter was up 9.9% compared to the same quarter last year. Research analysts predict that XPEL, Inc. will post 1.65 EPS for the current year.

Institutional Investors Weigh In On XPEL

Several hedge funds have recently added to or reduced their stakes in XPEL. GAMMA Investing LLC raised its position in shares of XPEL by 190.4% in the third quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock valued at $34,000 after purchasing an additional 514 shares during the period. Carolina Wealth Advisors LLC bought a new position in XPEL in the 2nd quarter valued at about $50,000. nVerses Capital LLC lifted its position in XPEL by 1,800.0% during the second quarter. nVerses Capital LLC now owns 1,900 shares of the company’s stock worth $68,000 after acquiring an additional 1,800 shares during the last quarter. Mendota Financial Group LLC boosted its holdings in shares of XPEL by 11.4% during the second quarter. Mendota Financial Group LLC now owns 3,606 shares of the company’s stock worth $128,000 after acquiring an additional 370 shares during the period. Finally, Creative Planning acquired a new position in shares of XPEL in the third quarter valued at approximately $208,000. 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.