B. Riley Reaffirms “Neutral” Rating for XPEL (NASDAQ:XPEL)

B. Riley reiterated their neutral rating on shares of XPEL (NASDAQ:XPEL) in a research report released on Friday morning, Marketbeat reports. The firm currently has a $37.00 target price on the stock, down from their previous target price of $74.00.

XPEL Price Performance

XPEL stock opened at $32.07 on Friday. The company has a current ratio of 4.81, a quick ratio of 1.10 and a debt-to-equity ratio of 0.13. The business’s 50 day simple moving average is $52.77 and its 200 day simple moving average is $51.60. XPEL has a 12 month low of $30.75 and a 12 month high of $87.46. The company has a market cap of $886.09 million, a price-to-earnings ratio of 18.54 and a beta of 1.84.

XPEL (NASDAQ:XPEL) last posted its quarterly 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 business had revenue of $90.10 million during the quarter, compared to the consensus estimate of $94.08 million. XPEL had a net margin of 11.99% and a return on equity of 29.11%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $0.41 EPS. Sell-side analysts forecast that XPEL will post 2.2 EPS for the current year.

Institutional Trading of XPEL

A number of hedge funds and other institutional investors have recently bought and sold shares of XPEL. Mendota Financial Group LLC purchased a new stake in shares of XPEL in the 1st quarter valued at about $175,000. Los Angeles Capital Management LLC bought a new stake in XPEL in the third quarter worth $215,000. Dakota Wealth Management purchased a new stake in XPEL during the 3rd quarter valued at about $218,000. WINTON GROUP Ltd purchased a new stake in shares of XPEL during the third quarter valued at approximately $222,000. Finally, Aristides Capital LLC bought a new stake in XPEL in the 4th quarter worth $247,000. 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.