XPEL (NASDAQ:XPEL) Hits New 1-Year High – Time to Buy?

XPEL, Inc. (NASDAQ:XPEL)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $50.85 and last traded at $50.39, with a volume of 293974 shares changing hands. The stock had previously closed at $48.78.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of XPEL in a research report on Monday. Wall Street Zen lowered XPEL from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Zacks Research raised XPEL from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

XPEL Stock Up 3.3%

The company has a market cap of $1.39 billion, a P/E ratio of 29.82 and a beta of 1.35. The company has a fifty day moving average of $39.13 and a 200 day moving average of $36.98.

XPEL (NASDAQ:XPEL) last announced its earnings results on Wednesday, November 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). XPEL had a return on equity of 19.20% and a net margin of 10.12%.The firm had revenue of $125.42 million during the quarter, compared to analysts’ expectations of $119.25 million. During the same period in the previous year, the business posted $0.54 earnings per share. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, research analysts forecast that XPEL, Inc. will post 1.73 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its position in shares of XPEL by 81.8% during the second quarter. PNC Financial Services Group Inc. now owns 851 shares of the company’s stock worth $31,000 after purchasing an additional 383 shares in the last quarter. Brooklyn Investment Group boosted its position in shares of XPEL by 805.7% during the first quarter. Brooklyn Investment Group now owns 1,739 shares of the company’s stock worth $51,000 after acquiring an additional 1,547 shares during the last quarter. Lazard Asset Management LLC bought a new stake in XPEL in the 2nd quarter valued at $55,000. Russell Investments Group Ltd. bought a new stake in XPEL in the 3rd quarter valued at $66,000. Finally, Tower Research Capital LLC TRC lifted its stake in XPEL by 234.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,886 shares of the company’s stock worth $104,000 after purchasing an additional 2,022 shares in the last quarter. Hedge funds and other 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.