XP Power (LON:XPP) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of XP Power Limited (LON:XPPGet Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,192.73 and traded as high as GBX 1,926. XP Power shares last traded at GBX 1,910, with a volume of 42,967 shares.

Analysts Set New Price Targets

Several equities analysts recently commented on XPP shares. Berenberg Bank increased their price objective on shares of XP Power from GBX 1,500 to GBX 2,120 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Shore Capital Group restated a “buy” rating on shares of XP Power in a research note on Thursday, April 23rd. Finally, Jefferies Financial Group reiterated a “hold” rating and set a GBX 1,140 price objective on shares of XP Power in a research note on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 1,769.33.

View Our Latest Report on XPP

XP Power Price Performance

The company has a debt-to-equity ratio of 74.61, a current ratio of 1.59 and a quick ratio of 0.69. The stock has a market cap of £535.41 million, a price-to-earnings ratio of -45.48, a P/E/G ratio of 0.44 and a beta of 1.78. The stock has a fifty day moving average of GBX 1,450.26 and a 200 day moving average of GBX 1,192.73.

Insider Buying and Selling

In other XP Power news, insider Jamie Pike acquired 7,496 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was acquired at an average cost of GBX 1,330 per share, for a total transaction of £99,696.80. Also, insider Charlotta Ginman acquired 1,515 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average cost of GBX 1,336 per share, for a total transaction of £20,240.40. Company insiders own 5.12% of the company’s stock.

About XP Power

(Get Free Report)

XP Power Limited, an investment holding company, designs, manufactures, and sells power supply solutions in Europe, North America, and Asia. The company offers AC-DC power supplies, DC-DC converters, high voltage AC-DC power supplies, high voltage DC-DC converters, RF power systems, EMI filters, custom power supplies, and 3 phase power supplies. It also provides engineering services. The company serves healthcare, industrial technology, and semiconductor equipment manufacturing industries. XP Power Limited was founded in 1988 and is based in Singapore.

See Also

Receive News & Ratings for XP Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XP Power and related companies with MarketBeat.com's FREE daily email newsletter.